Minerva Advisors LLC Sells 367,308 Shares of FreightCar America, Inc. (NASDAQ:RAIL)

Minerva Advisors LLC decreased its position in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) by 46.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 419,104 shares of the transportation company's stock after selling 367,308 shares during the period. FreightCar America makes up 2.6% of Minerva Advisors LLC's portfolio, making the stock its 12th largest position. Minerva Advisors LLC owned approximately 2.22% of FreightCar America worth $4,522,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Nigris Felan Jose De purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the completion of the acquisition, the director now owns 73,147 shares in the company, valued at $745,367.93. This trade represents a 5.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Meyer purchased 23,400 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $10.74 per share, with a total value of $251,316.00. Following the purchase, the director now owns 838,278 shares in the company, valued at $9,003,105.72. The trade was a 2.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 28.00% of the company's stock.

FreightCar America Stock Up 15.0 %

Shares of RAIL traded up $1.41 during mid-day trading on Tuesday, hitting $10.84. 679,440 shares of the company's stock were exchanged, compared to its average volume of 181,853. The firm has a market cap of $204.77 million, a price-to-earnings ratio of -2.51 and a beta of 2.00. The stock's 50-day simple moving average is $11.83 and its 200-day simple moving average is $6.86. FreightCar America, Inc. has a 52 week low of $2.25 and a 52 week high of $16.10.

Analyst Upgrades and Downgrades

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

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.