BNP Paribas Arbitrage SA Buys 1,356 Shares of Universal Stainless & Alloy Products (NASDAQ:USAP)

BNP Paribas Arbitrage SA raised its position in Universal Stainless & Alloy Products (NASDAQ:USAP) by 322.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,776 shares of the basic materials company’s stock after buying an additional 1,356 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Universal Stainless & Alloy Products were worth $29,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in Universal Stainless & Alloy Products during the 4th quarter worth approximately $186,000. Municipal Employees Retirement System of Michigan acquired a new stake in Universal Stainless & Alloy Products during the 4th quarter worth approximately $229,000. TIAA CREF Investment Management LLC boosted its position in Universal Stainless & Alloy Products by 111.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 22,781 shares of the basic materials company’s stock worth $581,000 after buying an additional 12,020 shares during the period. Monarch Partners Asset Management LLC boosted its position in Universal Stainless & Alloy Products by 18.9% during the 4th quarter. Monarch Partners Asset Management LLC now owns 32,020 shares of the basic materials company’s stock worth $519,000 after buying an additional 5,080 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Universal Stainless & Alloy Products by 7.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 39,767 shares of the basic materials company’s stock worth $1,014,000 after buying an additional 2,705 shares during the period. 86.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on USAP. Zacks Investment Research upgraded shares of Universal Stainless & Alloy Products from a “sell” rating to a “hold” rating in a research report on Wednesday, June 26th. ValuEngine downgraded shares of Universal Stainless & Alloy Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th.

Shares of NASDAQ USAP traded up $0.12 during midday trading on Friday, reaching $15.68. The stock had a trading volume of 37,409 shares, compared to its average volume of 110,652. The firm has a 50 day simple moving average of $14.02. The company has a market cap of $137.55 million, a price-to-earnings ratio of 12.85 and a beta of 1.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 3.73. Universal Stainless & Alloy Products has a twelve month low of $12.53 and a twelve month high of $30.91.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10). The company had revenue of $60.27 million during the quarter, compared to the consensus estimate of $65.41 million. Universal Stainless & Alloy Products had a net margin of 3.87% and a return on equity of 3.93%. On average, equities research analysts expect that Universal Stainless & Alloy Products will post 1.27 earnings per share for the current year.

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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