Chuck Royce Reduces Position in Universal Stainless & Alloy Products

Guru sells nearly 80% of stake in company

Nov 04, 2015

Chuck Royce (Trades, Portfolio) reduced his stake in Universal Stainless & Alloy Products Inc. (USAP, Financial), a Bridgeville, Pa.-based producer of specialty steel long products and plate, including nickel alloy, stainless steel, tool steel and aircraft quality low alloy steels, by nearly 80% on Oct. 31.

Royce sold 315,951 shares for an average price of $8.7 per share. The transaction had a -0.01% impact on Royce’s portfolio.

Universal Stainless & Alloy Products has a market cap of $79.98 million and an enterprise value of $155 million. It has a forward P/E of 94.3, a P/B of 0.4 and a P/S of 0.4. GuruFocus has given Universal Stainless & Alloy Products a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

Alan Fournier (Trades, Portfolio) and Michael Price (Trades, Portfolio) have shares of Universal Stainless & Alloy Products in their portfolios.

Late Wednesday Universal Stainless & Alloy Products sold for $11.35 per share.

To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.

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