American Superconductor Co. (NASDAQ:AMSC) CEO Daniel P. Mcgahn Sells 7,689 Shares

American Superconductor Co. (NASDAQ:AMSC) CEO Daniel P. Mcgahn sold 7,689 shares of American Superconductor stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.82, for a total transaction of $244,663.98. Following the transaction, the chief executive officer now directly owns 1,296,797 shares in the company, valued at $41,264,080.54. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

American Superconductor Stock Performance

AMSC stock opened at $34.45 on Wednesday. American Superconductor Co. has a one year low of $13.98 and a one year high of $38.02. The company has a market capitalization of $1.36 billion, a PE ratio of 492.21 and a beta of 2.87. The company’s 50 day moving average price is $22.59 and its two-hundred day moving average price is $24.76.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The firm had revenue of $66.66 million for the quarter, compared to analysts’ expectations of $60.27 million. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. On average, research analysts predict that American Superconductor Co. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMSC. Rhumbline Advisers grew its holdings in shares of American Superconductor by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 606 shares during the last quarter. Quantum Private Wealth LLC bought a new position in shares of American Superconductor in the fourth quarter worth approximately $281,000. Nkcfo LLC bought a new position in shares of American Superconductor in the fourth quarter worth approximately $1,158,000. Truist Financial Corp bought a new position in shares of American Superconductor in the fourth quarter worth approximately $251,000. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of American Superconductor by 4.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock worth $307,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.