Insider Selling: Ampco-Pittsburgh (NYSE:AP) Insider Sells $93,290.00 in Stock

Ampco-Pittsburgh Corporation (NYSE:AP) insider Samuel Lyon sold 9,500 shares of Ampco-Pittsburgh stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $9.82, for a total value of $93,290.00. Following the completion of the sale, the insider owned 181,233 shares in the company, valued at approximately $1,779,708.06. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Samuel Lyon also recently made the following trade(s):

• On Thursday, June 18th, Samuel Lyon sold 547 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.30, for a total transaction of $6,181.10.

Ampco-Pittsburgh Stock Performance

AP opened at $9.31 on Monday. Ampco-Pittsburgh Corporation has a 1-year low of $1.75 and a 1-year high of $12.81. The stock has a market cap of $189.27 million, a P/E ratio of -2.77 and a beta of 1.23. The stock’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $8.06. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.75 and a quick ratio of 1.01.

Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Tuesday, May 12th. The industrial products company reported ($0.04) earnings per share (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 for the quarter, compared to analyst estimates of $84.90 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Ampco-Pittsburgh during the 2nd quarter worth $30,000. Group One Trading LLC acquired a new position in Ampco-Pittsburgh in the second quarter valued at $43,000. PNC Financial Services Group Inc. lifted its position in Ampco-Pittsburgh by 164.0% during the first quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company’s stock worth $44,000 after buying an additional 4,100 shares during the period. Belvedere Trading LLC acquired a new stake in Ampco-Pittsburgh in the 4th quarter worth about $55,000. Finally, Citadel Advisors LLC acquired a new stake in Ampco-Pittsburgh in the 3rd quarter worth about $72,000. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Ampco-Pittsburgh Company 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.