Universal Stainless & Alloy Products (NASDAQ:USAP) Shares Bought by Walthausen & Co. LLC

Walthausen & Co. LLC grew its holdings in shares of Universal Stainless & Alloy Products (NASDAQ:USAP) by 29.2% in the fourth quarter, HoldingsChannel reports. The fund owned 100,050 shares of the basic materials company’s stock after buying an additional 22,610 shares during the period. Walthausen & Co. LLC’s holdings in Universal Stainless & Alloy Products were worth $1,491,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Credit Suisse AG acquired a new position in Universal Stainless & Alloy Products during the 4th quarter worth $192,000. First Trust Advisors LP acquired a new stake in shares of Universal Stainless & Alloy Products in the 3rd quarter valued at $311,000. Wedge Capital Management L L P NC increased its stake in shares of Universal Stainless & Alloy Products by 44.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 23,772 shares of the basic materials company’s stock valued at $354,000 after buying an additional 7,330 shares during the period. Monarch Partners Asset Management LLC increased its stake in shares of Universal Stainless & Alloy Products by 22.4% in the 4th quarter. Monarch Partners Asset Management LLC now owns 40,165 shares of the basic materials company’s stock valued at $598,000 after buying an additional 7,355 shares during the period. Finally, Ancora Advisors LLC increased its stake in shares of Universal Stainless & Alloy Products by 9.2% in the 4th quarter. Ancora Advisors LLC now owns 69,150 shares of the basic materials company’s stock valued at $1,030,000 after buying an additional 5,852 shares during the period. Institutional investors own 74.76% of the company’s stock.

Shares of NASDAQ:USAP traded up $0.10 during midday trading on Thursday, hitting $7.35. The company had a trading volume of 16,500 shares, compared to its average volume of 28,444. Universal Stainless & Alloy Products has a 12 month low of $5.84 and a 12 month high of $18.27. The company has a current ratio of 3.82, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market cap of $64.87 million, a price-to-earnings ratio of 15.00 and a beta of 1.50. The firm has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $13.53.

Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Universal Stainless & Alloy Products had a return on equity of 1.73% and a net margin of 1.76%. The company had revenue of $55.17 million during the quarter, compared to the consensus estimate of $57.30 million. Equities analysts forecast that Universal Stainless & Alloy Products will post 0.5 EPS for the current fiscal year.

Separately, Cowen reduced their price target on Universal Stainless & Alloy Products from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th.

In related news, VP Christopher M. Zimmer purchased 5,000 shares of Universal Stainless & Alloy Products stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $11.91 per share, for a total transaction of $59,550.00. Also, VP Christopher M. Zimmer bought 2,600 shares of Universal Stainless & Alloy Products stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $12.60 per share, for a total transaction of $32,760.00. Following the completion of the acquisition, the vice president now owns 28,825 shares of the company’s stock, valued at approximately $363,195. The disclosure for this purchase can be found here. 7.20% of the stock is owned by company insiders.

Universal Stainless & Alloy Products Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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Institutional Ownership by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

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