Penn Capital Management Company LLC Acquires Shares of 66,310 Freightcar America, Inc. $RAIL

Penn Capital Management Company LLC acquired a new stake in Freightcar America, Inc. (NASDAQ:RAIL) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 66,310 shares of the transportation company’s stock, valued at approximately $734,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Freightcar America by 208.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock valued at $29,000 after buying an additional 1,984 shares during the period. Quarry LP acquired a new position in Freightcar America in the 3rd quarter valued at $53,000. Dynamic Technology Lab Private Ltd acquired a new position in Freightcar America in the 1st quarter valued at $61,000. State of Wyoming acquired a new position in Freightcar America in the 2nd quarter valued at $63,000. Finally, Sender Co & Partners Inc. acquired a new position in Freightcar America in the 3rd quarter valued at $127,000. 31.96% of the stock is owned by institutional investors and hedge funds.

Freightcar America Stock Down 3.2%

NASDAQ:RAIL opened at $7.75 on Thursday. Freightcar America, Inc. has a fifty-two week low of $7.27 and a fifty-two week high of $14.90. The stock has a market cap of $148.34 million, a PE ratio of 10.47 and a beta of 1.55. The firm’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $9.91.

Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings results on Monday, May 4th. The transportation company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Freightcar America had a negative return on equity of 15.56% and a net margin of 6.25%.The company had revenue of $64.31 million for the quarter, compared to analyst estimates of $74.60 million. Equities analysts anticipate that Freightcar America, Inc. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RAIL shares. Weiss Ratings raised shares of Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Freightcar America from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.