Universal Stainless & Alloy Products (USAP)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.00 k	1.00 k	1.00 k	1.00 k	1.00 k	1.00 k
Cash burn (monthly)	(no burn)	14.67 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	64.38 k	n/a	n/a	n/a	n/a
Cash remaining	n/a	-63.38 k	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	-4.3	n/a	n/a	n/a	n/a

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Financial data from company earnings reports.

Institutional ownership, Q3 2024

USAP institutional ownership history Ownership history

75.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	118	100	+18.0%
Opened positions	30	81	-63.0%
Closed positions	12	2	+500.0%
Increased positions	41	6	+583.3%
Reduced positions	32	8	+300.0%

13F shares	Current	Prev Q	Change
Total value	243.46 bn	154.25 bn	+57.8%
Total shares	7.10 mm	6.56 mm	+8.2%
Total puts	11.90 k	2.70 k	+340.7%
Total calls	23.80 k	0.00	NEW
Total put/call ratio	0.5	Infinity	NaN%

Largest owners	Shares	Value	Change
BlackRock	600.43 k	$23.19 bn	NEW
Next Century Growth Investors	556.68 k	$21.50 bn	+89.9%
Dimensional Fund Advisors	553.13 k	$21.37 bn	+9.3%
Vanguard	476.36 k	$18.40 bn	+7.7%
Privet Fund	436.26 k	$3.58 mm	0.0%
Minerva Advisors	435.09 k	$16.81 bn	-17.1%
JB Capital Partners	245.00 k	$9.46 bn	0.0%
RBC Global Asset Management	216.69 k	$1.62 mm	0.0%
Geode Capital Management	208.89 k	$8.07 bn	+1.3%
American Century Companies	208.05 k	$8.04 bn	+44.2%

Largest transactions	Shares	Bought/sold	Change
BlackRock	600.43 k	+600.43 k	NEW
BLK BlackRock	0.00	-565.40 k	EXIT
Next Century Growth Investors	556.68 k	+263.50 k	+89.9%
Portolan Capital Management	104.92 k	+104.92 k	NEW
Minerva Advisors	435.09 k	-89.68 k	-17.1%
Acadian Asset Management	0.00	-81.74 k	EXIT
American Century Companies	208.05 k	+63.80 k	+44.2%
Susquehanna International	0.00	-58.50 k	EXIT
Los Angeles Capital Management & Equity Research	53.25 k	+53.25 k	NEW
NTRS Northern Trust	77.11 k	+47.82 k	+163.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

USAP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value
23 Jan 25	Zimmer Christopher M	Common Stock	Sale back to company	Dispose D	No	No	0	39,679	0.00
23 Jan 25	Zimmer Christopher M	Common Stock	Sale back to company	Dispose D	No	No	45	130,262	5.86 mm
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	35.65	5,500	196.08 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	38.58	5,500	212.19 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	30.61	5,500	168.36 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	25.59	4,500	115.16 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	24.71	4,500	111.20 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	30.25	4,500	136.13 k
23 Jan 25	Zimmer Christopher M	Stock Option Common Stock	Sale back to company	Dispose D	No	No	33.82	7,500	253.65 k
23 Jan 25	Zimmer Christopher M	RSU Common Stock	Sale back to company	Dispose D	No	No	0	14,353	0.00