Diversified Trust Co Makes New Investment in American Superconductor Corporation $AMSC

Key Points

• Diversified Trust Co acquired a new position in American Superconductor Corporation (NASDAQ: AMSC) during the 2nd quarter, purchasing 8,624 shares valued at approximately $316,000.
• Institutional investors collectively own 52.28% of American Superconductor, with several firms significantly increasing their stakes in recent months.
• American Superconductor's stock has seen significant price fluctuations, with a 52-week low of $13.98 and a high of $65.70, currently trading around $59.61.

Diversified Trust Co acquired a new position in shares of American Superconductor Corporation (NASDAQ:AMSC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,624 shares of the technology company's stock, valued at approximately $316,000.

Other institutional investors also recently made changes to their positions in the company. CWM LLC increased its position in American Superconductor by 49.5% during the 1st quarter. CWM LLC now owns 7,915 shares of the technology company's stock worth $144,000 after purchasing an additional 2,622 shares in the last quarter. GAMMA Investing LLC boosted its position in American Superconductor by 3,089.8% during the 1st quarter. GAMMA Investing LLC now owns 8,453 shares of the technology company's stock valued at $153,000 after purchasing an additional 8,188 shares during the period. National Bank of Canada FI boosted its position in shares of American Superconductor by 27.9% during the first quarter. National Bank of Canada FI now owns 9,506 shares of the technology company's stock worth $172,000 after buying an additional 2,072 shares during the period. Acas LLC acquired a new stake in shares of American Superconductor in the 1st quarter worth approximately $184,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of American Superconductor in the 1st quarter worth approximately $187,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Stock Performance

NASDAQ AMSC opened at $59.61 on Thursday. The company has a 50-day simple moving average of $51.54 and a 200 day simple moving average of $34.47. American Superconductor Corporation has a 52-week low of $13.98 and a 52-week high of $65.70. The company has a market capitalization of $2.69 billion, a PE ratio of 152.85 and a beta of 2.88.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of American Superconductor from a "hold" rating to a "buy" rating in a research report on Tuesday, July 15th. Oppenheimer restated an "outperform" rating on shares of American Superconductor in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $34.00.

Insider Activity

In other American Superconductor news, Director Arthur H. House sold 9,703 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the sale, the director owned 48,663 shares of the company's stock, valued at $2,477,919.96. This represents a 16.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel P. Mcgahn sold 100,848 shares of American Superconductor stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.49, for a total transaction of $5,495,207.52. Following the sale, the chief executive officer directly owned 1,183,134 shares in the company, valued at $64,468,971.66. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. 4.80% of the stock is owned by insiders.

American Superconductor Company 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.

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