James R. Meyer Purchases 23,400 Shares of FreightCar America, Inc. (NASDAQ:RAIL) Stock

FreightCar America, Inc. (NASDAQ:RAIL) Director James R. Meyer bought 23,400 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $10.74 per share, with a total value of $251,316.00. Following the completion of the acquisition, the director now owns 838,278 shares of the company’s stock, valued at $9,003,105.72. This represents a 2.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

FreightCar America Stock Performance

RAIL opened at $10.84 on Wednesday. The stock has a market capitalization of $204.77 million, a PE ratio of -2.56 and a beta of 2.00. FreightCar America, Inc. has a 1 year low of $2.25 and a 1 year high of $16.10. The company’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $6.91.

Institutional Trading of FreightCar America

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in FreightCar America during the 3rd quarter worth $49,000. Barclays PLC acquired a new position in FreightCar America during the 3rd quarter worth approximately $73,000. XTX Topco Ltd acquired a new position in shares of FreightCar America during the third quarter worth $247,000. Dimensional Fund Advisors LP boosted its stake in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 5,880 shares during the period. Finally, Centiva Capital LP acquired a new stake in FreightCar America during the 3rd quarter valued at $453,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

FreightCar America Company 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.