Chuck Royce Reduces Position in Universal Stainless & Alloy Products

Guru sells nearly 80% of stake in company

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David Goodloe
Nov 04, 2015
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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.

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

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

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I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.