Monarch Partners Asset Management LLC Has $687,000 Position in Universal Stainless & Alloy Products (USAP)

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Monarch Partners Asset Management LLC increased its holdings in Universal Stainless & Alloy Products (NASDAQ:USAP) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,940 shares of the basic materials company’s stock after purchasing an additional 4,460 shares during the quarter. Monarch Partners Asset Management LLC owned approximately 0.31% of Universal Stainless & Alloy Products worth $687,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp bought a new stake in shares of Universal Stainless & Alloy Products in the second quarter worth $202,000. Engineers Gate Manager LP bought a new stake in Universal Stainless & Alloy Products during the second quarter valued at $246,000. Schwab Charles Investment Management Inc. bought a new stake in Universal Stainless & Alloy Products during the second quarter valued at $351,000. Emerald Advisers Inc. PA bought a new stake in Universal Stainless & Alloy Products during the second quarter valued at $414,000. Finally, Bank of America Corp DE boosted its position in Universal Stainless & Alloy Products by 1,218.4% during the second quarter. Bank of America Corp DE now owns 22,782 shares of the basic materials company’s stock valued at $539,000 after acquiring an additional 21,054 shares during the last quarter. 90.20% of the stock is currently owned by institutional investors.

A number of analysts have commented on the stock. BidaskClub raised shares of Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a research report on Sunday, July 29th. Zacks Investment Research raised shares of Universal Stainless & Alloy Products from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, July 25th. ValuEngine cut shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.00.

Shares of USAP opened at $21.88 on Wednesday. The company has a current ratio of 4.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. The firm has a market cap of $187.06 million, a price-to-earnings ratio of 18.48 and a beta of 1.51. Universal Stainless & Alloy Products has a 12 month low of $18.01 and a 12 month high of $31.20.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.04). The firm had revenue of $69.06 million for the quarter, compared to the consensus estimate of $70.02 million. Universal Stainless & Alloy Products had a net margin of 7.20% and a return on equity of 4.50%. As a group, sell-side analysts predict that Universal Stainless & Alloy Products will post 1.48 EPS for the current year.

In other news, VP Christopher M. Zimmer sold 5,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the vice president now owns 23,574 shares of the company’s stock, valued at approximately $653,235.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.30% of the stock is owned by corporate insiders.

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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.

Further Reading: Hedge Funds Explained

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

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