75,375 Shares in FreightCar America, Inc. (NASDAQ:RAIL) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new position in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 75,375 shares of the transportation company's stock, valued at approximately $813,000. Walleye Capital LLC owned 0.40% of FreightCar America as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in FreightCar America in the 3rd quarter worth approximately $49,000. Dimensional Fund Advisors LP boosted its stake in shares of FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock valued at $104,000 after buying an additional 5,880 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of FreightCar America during the 3rd quarter valued at $1,067,000. Renaissance Technologies LLC boosted its stake in shares of FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock valued at $408,000 after buying an additional 35,387 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock valued at $2,250,000 after buying an additional 26,412 shares during the period. Institutional investors and hedge funds own 31.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of FreightCar America from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

Insider Activity

In other FreightCar America news, Director James R. Meyer purchased 23,400 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $10.74 per share, for a total transaction of $251,316.00. Following the acquisition, the director now owns 838,278 shares of the company's stock, valued at $9,003,105.72. This trade represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William D. Gehl sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00. Following the transaction, the director now owns 147,608 shares in the company, valued at $1,598,594.64. This represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.

FreightCar America Stock Performance

Shares of FreightCar America stock traded down $0.25 during midday trading on Friday, reaching $9.55. 262,963 shares of the company's stock traded hands, compared to its average volume of 604,068. The company has a market cap of $180.40 million, a price-to-earnings ratio of -2.25 and a beta of 1.94. The company's 50 day simple moving average is $11.80 and its 200 day simple moving average is $7.45. FreightCar America, Inc. has a 52 week low of $2.26 and a 52 week high of $16.10.

FreightCar America Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.