Dennis M. Oates Acquires 3,822 Shares of Universal Stainless & Alloy Products (USAP) Stock

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Universal Stainless & Alloy Products (NASDAQ:USAP) Chairman Dennis M. Oates purchased 3,822 shares of the stock in a transaction dated Monday, February 11th. The stock was acquired at an average price of $15.70 per share, for a total transaction of $60,005.40. Following the completion of the transaction, the chairman now directly owns 100,536 shares of the company’s stock, valued at $1,578,415.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

USAP stock opened at $18.33 on Thursday. The company has a market capitalization of $153.12 million, a PE ratio of 15.02 and a beta of 1.48. Universal Stainless & Alloy Products has a 12 month low of $14.11 and a 12 month high of $31.20. The company has a current ratio of 4.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings results on Wednesday, January 23rd. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.09). The business had revenue of $57.06 million during the quarter, compared to analyst estimates of $66.67 million. Universal Stainless & Alloy Products had a net margin of 4.17% and a return on equity of 4.62%. Equities analysts anticipate that Universal Stainless & Alloy Products will post 1.41 EPS for the current fiscal year.

Several analysts have recently commented on USAP shares. Cowen set a $30.00 price target on shares of Universal Stainless & Alloy Products and gave the company a “buy” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th.

Several hedge funds have recently added to or reduced their stakes in the company. Fort Pitt Capital Group LLC grew its position in shares of Universal Stainless & Alloy Products by 0.6% in the fourth quarter. Fort Pitt Capital Group LLC now owns 135,718 shares of the basic materials company’s stock valued at $2,200,000 after purchasing an additional 816 shares during the last quarter. 22NW LP lifted its stake in shares of Universal Stainless & Alloy Products by 1.2% during the fourth quarter. 22NW LP now owns 146,985 shares of the basic materials company’s stock valued at $2,383,000 after buying an additional 1,750 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Universal Stainless & Alloy Products by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 39,767 shares of the basic materials company’s stock valued at $1,014,000 after buying an additional 2,705 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Universal Stainless & Alloy Products by 49.6% during the third quarter. Wells Fargo & Company MN now owns 10,935 shares of the basic materials company’s stock valued at $279,000 after buying an additional 3,625 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Universal Stainless & Alloy Products by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 90,491 shares of the basic materials company’s stock valued at $1,466,000 after buying an additional 3,807 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

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Universal Stainless & Alloy Products Company 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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