118,779 Shares in Ampco-Pittsburgh Corporation $AP Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in shares of Ampco-Pittsburgh Corporation (NYSE:AP) in the first quarter, Holdings Channel reports. The fund bought 118,779 shares of the industrial products company’s stock, valued at approximately $798,000.

Other large investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its position in shares of Ampco-Pittsburgh by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company’s stock worth $13,170,000 after purchasing an additional 86,618 shares in the last quarter. Gabelli Funds LLC increased its position in Ampco-Pittsburgh by 1.7% during the 4th quarter. Gabelli Funds LLC now owns 1,404,300 shares of the industrial products company’s stock valued at $7,485,000 after buying an additional 23,500 shares in the last quarter. Ameriprise Financial Inc. increased its position in Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after buying an additional 33,950 shares in the last quarter. Vanguard Group Inc. raised its stake in Ampco-Pittsburgh by 6.0% during the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after buying an additional 38,021 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Ampco-Pittsburgh during the fourth quarter valued at $1,110,000. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

Ampco-Pittsburgh Price Performance

AP opened at $8.79 on Tuesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.75 and a quick ratio of 1.01. The firm has a market cap of $178.78 million, a PE ratio of -2.62 and a beta of 1.23. Ampco-Pittsburgh Corporation has a 1 year low of $1.75 and a 1 year high of $12.81. The stock has a 50-day moving average price of $10.64 and a 200-day moving average price of $8.10.

Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Tuesday, May 12th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Ampco-Pittsburgh had a negative return on equity of 7.56% and a negative net margin of 15.53%.The business had revenue of $103.13 million during the quarter, compared to the consensus estimate of $84.90 million.

Insider Transactions at Ampco-Pittsburgh

In related news, insider Samuel Lyon sold 9,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $9.82, for a total transaction of $93,290.00. Following the transaction, the insider owned 181,233 shares in the company, valued at $1,779,708.06. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett Mcbrayer bought 3,300 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $9.03 per share, with a total value of $29,799.00. Following the transaction, the chief executive officer owned 557,694 shares in the company, valued at $5,035,976.82. This trade represents a 0.60% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 23.48% of the company’s stock.

Ampco-Pittsburgh Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.