AmpliTech Group (NASDAQ:AMPG) Director Daniel Richard Mazziota Sells 7,157 Shares

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 7,157 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $8.46, for a total transaction of $60,548.22. Following the sale, the director owned 247,743 shares in the company, valued at $2,095,905.78. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Daniel Richard Mazziota also recently made the following trade(s):

• On Tuesday, June 23rd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $7.71, for a total transaction of $77,100.00.
• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Price Performance

Shares of AMPG stock opened at $7.03 on Thursday. The stock has a market capitalization of $178.04 million, a price-to-earnings ratio of -22.66 and a beta of -0.18. The company’s fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $3.47. AmpliTech Group, Inc. has a 1 year low of $1.64 and a 1 year high of $10.11.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The company had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.00 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPG. Creek Drive Management Group LLC purchased a new position in AmpliTech Group in the fourth quarter worth $1,196,000. Renaissance Technologies LLC raised its position in AmpliTech Group by 135.5% during the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after purchasing an additional 214,400 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in AmpliTech Group during the third quarter worth about $752,000. Dimensional Fund Advisors LP lifted its stake in AmpliTech Group by 156.8% during the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares during the last quarter. Finally, Corsair Capital Management L.P. boosted its holdings in shares of AmpliTech Group by 71.7% in the 4th quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock worth $513,000 after purchasing an additional 71,722 shares in the last quarter. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMPG has been the topic of several analyst reports. Maxim Group decreased their price target on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AmpliTech Group currently has a consensus rating of “Hold” and an average price target of $7.00.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.