FreightCar America, Inc. (NASDAQ:RAIL – Get Rating) CEO James R. Meyer bought 25,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of $3.64 per share, with a total value of $91,000.00. Following the completion of the acquisition, the chief executive officer now owns 433,101 shares of the company’s stock, valued at approximately $1,576,487.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of FreightCar America stock opened at $3.91 on Friday. The company’s fifty day simple moving average is $5.15 and its 200-day simple moving average is $4.37. FreightCar America, Inc. has a 1-year low of $3.06 and a 1-year high of $7.69.
FreightCar America (NASDAQ:RAIL – Get Rating) last released its earnings results on Tuesday, May 10th. The transportation company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14). FreightCar America had a negative net margin of 10.05% and a negative return on equity of 3,048.14%. During the same quarter in the previous year, the firm posted ($0.48) EPS. As a group, equities analysts expect that FreightCar America, Inc. will post -0.18 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH bought a new stake in shares of FreightCar America in the 3rd quarter worth about $841,000. EAM Investors LLC bought a new stake in shares of FreightCar America in the 1st quarter worth about $1,468,000. McClarren Financial Advisors Inc. bought a new stake in shares of FreightCar America in the 1st quarter worth about $73,000. Belvedere Trading LLC bought a new stake in shares of FreightCar America in the 1st quarter worth about $141,000. Finally, GSA Capital Partners LLP grew its holdings in FreightCar America by 701.3% during the 4th quarter. GSA Capital Partners LLP now owns 87,249 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 76,361 shares during the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.
About FreightCar America (Get Rating)
FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars.
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