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