Minerva Advisors LLC Sells 367,308 Shares of FreightCar America, Inc. (NASDAQ:RAIL)

Minerva Advisors LLC lowered its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 46.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 419,104 shares of the transportation company’s stock after selling 367,308 shares during the period. FreightCar America makes up about 2.6% of Minerva Advisors LLC’s holdings, making the stock its 12th biggest holding. Minerva Advisors LLC’s holdings in FreightCar America were worth $4,522,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of RAIL. Dimensional Fund Advisors LP raised its stake in FreightCar America by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock worth $104,000 after buying an additional 5,880 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of FreightCar America by 4.7% during the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after buying an additional 26,412 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of FreightCar America by 43.4% during the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after buying an additional 35,387 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of FreightCar America during the third quarter valued at about $1,067,000. Institutional investors own 31.96% of the company’s stock.

Analyst Ratings Changes

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

FreightCar America Stock Performance

FreightCar America stock opened at $9.43 on Tuesday. FreightCar America, Inc. has a fifty-two week low of $2.25 and a fifty-two week high of $16.10. The firm’s 50-day simple moving average is $11.83 and its 200 day simple moving average is $6.86.

Insider Buying and Selling

In related news, Director James R. Meyer acquired 23,400 shares of the stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $10.74 per share, with a total value of $251,316.00. Following the completion of the transaction, the director now owns 838,278 shares in the company, valued at approximately $9,003,105.72. The trade was a 2.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nigris Felan Jose De acquired 4,000 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the transaction, the director now owns 73,147 shares of the company’s stock, valued at approximately $745,367.93. This trade represents a 5.78 % increase in their position. The disclosure for this purchase can be found here. 28.00% of the stock is owned by corporate insiders.

About FreightCar America

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.