Renaissance Technologies LLC Raises Holdings in AmpliTech Group, Inc. $AMPG

Renaissance Technologies LLC boosted its position in AmpliTech Group, Inc. (NASDAQ:AMPG) by 135.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 372,600 shares of the company’s stock after acquiring an additional 214,400 shares during the quarter. Renaissance Technologies LLC’s holdings in AmpliTech Group were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Creek Drive Management Group LLC acquired a new position in shares of AmpliTech Group in the fourth quarter worth about $1,196,000. Dimensional Fund Advisors LP boosted its holdings in shares of AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock valued at $410,000 after buying an additional 131,599 shares during the period. Legato Capital Management LLC raised its position in shares of AmpliTech Group by 26.8% during the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after purchasing an additional 4,376 shares during the period. Pekin Hardy Strauss Inc. grew its position in shares of AmpliTech Group by 11.8% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 80,800 shares of the company’s stock worth $242,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AmpliTech Group by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after purchasing an additional 7,874 shares during the period. 10.99% of the stock is owned by institutional investors and hedge funds.

AmpliTech Group Price Performance

Shares of AMPG opened at $3.99 on Monday. AmpliTech Group, Inc. has a one year low of $1.64 and a one year high of $10.11. The company has a 50-day moving average of $6.54 and a two-hundred day moving average of $4.16. The stock has a market cap of $101.11 million, a price-to-earnings ratio of -11.74 and a beta of -0.20.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The firm had revenue of $8.07 million for the quarter, compared to analyst estimates of $8.00 million. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on AMPG shares. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Friday, July 17th. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.00.

Insiders Place Their Bets

In other news, COO Jorge Luis Flores sold 30,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. The trade was a 28.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Louisa Sanfratello sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer owned 60,000 shares in the company, valued at $288,000. This represents a 45.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 107,157 shares of company stock worth $587,948. Corporate insiders own 17.12% of the company’s stock.

About AmpliTech Group

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.