Eagle Global Advisors LLC purchased a new position in Freightcar America, Inc. (NASDAQ:RAIL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,540 shares of the transportation company’s stock, valued at approximately $201,000. Eagle Global Advisors LLC owned approximately 0.09% of Freightcar America as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its position in Freightcar America by 0.8% in the first quarter. Eqis Capital Management Inc. now owns 13,444 shares of the transportation company’s stock worth $168,000 after buying an additional 104 shares in the last quarter. Ironwood Investment Management LLC boosted its position in shares of Freightcar America by 3.8% in the first quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock valued at $147,000 after buying an additional 433 shares during the period. Malaga Cove Capital LLC boosted its position in shares of Freightcar America by 3.0% in the second quarter. Malaga Cove Capital LLC now owns 23,676 shares of the transportation company’s stock valued at $413,000 after buying an additional 700 shares during the period. Steelhead Partners LLC boosted its position in shares of Freightcar America by 2.9% in the first quarter. Steelhead Partners LLC now owns 38,600 shares of the transportation company’s stock valued at $484,000 after buying an additional 1,100 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Freightcar America by 3.7% in the first quarter. Geode Capital Management LLC now owns 98,883 shares of the transportation company’s stock valued at $1,239,000 after buying an additional 3,520 shares during the period. 76.09% of the stock is owned by institutional investors and hedge funds.

Freightcar America, Inc. (NASDAQ:RAIL) opened at 18.62 on Tuesday. The company’s 50 day moving average is $17.05 and its 200 day moving average is $15.10. The stock has a market cap of $228.71 million, a PE ratio of 716.15 and a beta of 1.60. Freightcar America, Inc. has a one year low of $10.87 and a one year high of $19.40.

Freightcar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The firm had revenue of $118.67 million during the quarter, compared to the consensus estimate of $108.43 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. Freightcar America’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Freightcar America, Inc. will post ($0.21) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Thursday, August 17th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.93%. Freightcar America’s dividend payout ratio (DPR) is 1,800.00%.

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Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Freightcar America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cowen and Company reissued a “hold” rating and set a $15.00 target price on shares of Freightcar America in a report on Tuesday, July 11th. Buckingham Research assumed coverage on shares of Freightcar America in a report on Wednesday, June 21st. They set a “neutral” rating and a $17.00 target price for the company. Finally, ValuEngine raised shares of Freightcar America from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $16.00.

In related news, insider Theodore W. Baun sold 4,481 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $17.25, for a total value of $77,297.25. Following the completion of the sale, the insider now owns 14,502 shares in the company, valued at approximately $250,159.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.13% of the stock is owned by corporate insiders.

Freightcar America Company Profile

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

Institutional Ownership by Quarter for Freightcar America (NASDAQ:RAIL)

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