Insider Buying: FreightCar America, Inc. (NASDAQ:RAIL) Director Purchases 4,000 Shares of Stock

FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) Director Nigris Felan Jose De acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the purchase, the director now owns 73,147 shares of the company's stock, valued at $745,367.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FreightCar America Stock Performance

Shares of NASDAQ:RAIL traded down $0.15 during mid-day trading on Friday, hitting $9.75. 264,258 shares of the company traded hands, compared to its average volume of 109,421. The firm has a market cap of $182.43 million, a P/E ratio of -6.43 and a beta of 2.00. FreightCar America, Inc. has a 52-week low of $2.25 and a 52-week high of $11.55. The firm's 50 day simple moving average is $6.37 and its 200 day simple moving average is $4.56.

FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its earnings results on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The business had revenue of $147.42 million for the quarter, compared to the consensus estimate of $127.09 million. During the same period last year, the business posted $0.02 EPS. Equities research analysts expect that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On FreightCar America

Several hedge funds and other institutional investors have recently bought and sold shares of RAIL. Dimensional Fund Advisors LP increased its holdings in FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock worth $104,000 after purchasing an additional 5,880 shares during the last quarter. Renaissance Technologies LLC increased its holdings in FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock worth $408,000 after purchasing an additional 35,387 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock worth $2,250,000 after purchasing an additional 26,412 shares during the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RAIL. StockNews.com started coverage on FreightCar America in a research note on Tuesday, August 27th. They issued a "hold" rating on the stock. Noble Financial upgraded FreightCar America to a "strong-buy" rating in a report on Friday, June 28th.

About FreightCar America

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.

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