Foundry Partners LLC Lowers Stock Holdings in Universal Stainless & Alloy Products (NASDAQ:USAP)

Foundry Partners LLC reduced its position in shares of Universal Stainless & Alloy Products (NASDAQ:USAP) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,620 shares of the basic materials company’s stock after selling 48,431 shares during the period. Foundry Partners LLC owned about 2.01% of Universal Stainless & Alloy Products worth $2,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Universal Stainless & Alloy Products by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 729,467 shares of the basic materials company’s stock worth $11,825,000 after buying an additional 5,312 shares during the period. Royce & Associates LP boosted its position in shares of Universal Stainless & Alloy Products by 27.3% during the first quarter. Royce & Associates LP now owns 621,066 shares of the basic materials company’s stock worth $10,291,000 after buying an additional 133,117 shares during the period. BlackRock Inc. boosted its position in shares of Universal Stainless & Alloy Products by 20.3% during the fourth quarter. BlackRock Inc. now owns 578,544 shares of the basic materials company’s stock worth $9,378,000 after buying an additional 97,483 shares during the period. California Public Employees Retirement System boosted its position in shares of Universal Stainless & Alloy Products by 490.2% during the first quarter. California Public Employees Retirement System now owns 120,400 shares of the basic materials company’s stock worth $1,995,000 after buying an additional 100,000 shares during the period. Finally, Cadence Capital Management LLC boosted its position in shares of Universal Stainless & Alloy Products by 1.8% during the first quarter. Cadence Capital Management LLC now owns 95,480 shares of the basic materials company’s stock worth $1,582,000 after buying an additional 1,690 shares during the period. Institutional investors and hedge funds own 85.67% of the company’s stock.

Several research analysts have recently commented on USAP shares. ValuEngine lowered Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday, July 13th.

NASDAQ:USAP traded up $0.17 during midday trading on Wednesday, reaching $16.46. The company had a trading volume of 32,562 shares, compared to its average volume of 48,462. The firm has a market cap of $147.11 million, a price-to-earnings ratio of 13.49 and a beta of 1.57. The business’s fifty day simple moving average is $15.45. Universal Stainless & Alloy Products has a 12-month low of $12.53 and a 12-month high of $30.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.36 and a quick ratio of 1.09.

About Universal Stainless & Alloy Products

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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