Daniel P. Mcgahn Sells 7,689 Shares of American Superconductor Co. (NASDAQ:AMSC) Stock

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) CEO Daniel P. Mcgahn sold 7,689 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.82, for a total transaction of $244,663.98. Following the transaction, the chief executive officer now directly owns 1,296,797 shares in the company, valued at approximately $41,264,080.54. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Superconductor Stock Performance

Shares of AMSC traded down $0.44 during trading hours on Thursday, hitting $29.23. The stock had a trading volume of 1,796,025 shares, compared to its average volume of 1,144,288. American Superconductor Co. has a 12-month low of $13.98 and a 12-month high of $38.02. The firm has a market cap of $1.15 billion, a P/E ratio of 417.63 and a beta of 2.87. The company's fifty day simple moving average is $22.87 and its 200 day simple moving average is $24.80.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $66.66 million during the quarter, compared to the consensus estimate of $60.27 million. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. The company's revenue for the quarter was up 58.6% on a year-over-year basis. As a group, sell-side analysts predict that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Atreides Management LP purchased a new stake in American Superconductor during the 1st quarter worth $14,948,000. Nuveen LLC acquired a new stake in shares of American Superconductor during the first quarter valued at about $14,123,000. Wellington Management Group LLP purchased a new stake in shares of American Superconductor during the fourth quarter worth about $11,360,000. Raymond James Financial Inc. acquired a new position in shares of American Superconductor in the fourth quarter worth about $10,188,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of American Superconductor in the fourth quarter worth about $7,310,000. 52.28% of the stock is owned by institutional investors and hedge funds.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.