Emerald Advisers LLC Purchases 10,600 Shares of American Superconductor Corporation (NASDAQ:AMSC)

Emerald Advisers LLC boosted its position in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 37.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,719 shares of the technology company's stock after purchasing an additional 10,600 shares during the period. Emerald Advisers LLC owned 0.10% of American Superconductor worth $702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gen Wealth Partners Inc acquired a new stake in shares of American Superconductor in the fourth quarter valued at about $58,000. PNC Financial Services Group Inc. grew its stake in American Superconductor by 8,670.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after purchasing an additional 2,948 shares during the period. Jones Financial Companies Lllp grew its stake in American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after purchasing an additional 2,708 shares during the period. GAMMA Investing LLC grew its stake in American Superconductor by 3,089.8% during the first quarter. GAMMA Investing LLC now owns 8,453 shares of the technology company's stock worth $153,000 after purchasing an additional 8,188 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in American Superconductor during the fourth quarter worth approximately $170,000. Institutional investors and hedge funds own 52.28% of the company's stock.

Insider Transactions at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 50,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.40, for a total value of $1,320,000.00. Following the completion of the sale, the chief financial officer directly owned 414,276 shares in the company, valued at $10,936,886.40. This represents a 10.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel P. Mcgahn sold 122,655 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $26.39, for a total value of $3,236,865.45. Following the completion of the sale, the chief executive officer owned 1,304,486 shares of the company's stock, valued at $34,425,385.54. This trade represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,088 shares of company stock worth $4,952,531. 4.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday.

American Superconductor Stock Performance

NASDAQ:AMSC traded up $0.31 during trading hours on Thursday, reaching $41.38. The stock had a trading volume of 809,184 shares, compared to its average volume of 1,100,689. The stock has a 50 day simple moving average of $31.73 and a 200 day simple moving average of $26.08. American Superconductor Corporation has a 12-month low of $13.98 and a 12-month high of $42.08. The stock has a market cap of $1.63 billion, a P/E ratio of 275.87 and a beta of 2.91.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. American Superconductor had a return on equity of 8.89% and a net margin of 2.71%. The company had revenue of $66.66 million during the quarter, compared to analyst estimates of $60.27 million. The company's quarterly revenue was up 58.6% compared to the same quarter last year. On average, equities analysts expect that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

American Superconductor Profile

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.