AMH Equity Ltd acquired a new position in shares of Ascent Industries Co. (NASDAQ:ACNT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 60,000 shares of the company's stock, valued at approximately $671,000. AMH Equity Ltd owned approximately 0.59% of Ascent Industries at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Values Added Financial LLC purchased a new position in Ascent Industries in the third quarter valued at $133,000. De Lisle Partners LLP increased its stake in shares of Ascent Industries by 5.5% during the 3rd quarter. De Lisle Partners LLP now owns 197,824 shares of the company's stock worth $1,914,000 after purchasing an additional 10,349 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Ascent Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,644 shares of the company's stock worth $414,000 after acquiring an additional 2,144 shares during the period. 26.05% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Ascent Industries
In related news, VP Ravi Ramesh Srinivas bought 4,000 shares of the business's stock in a transaction on Friday, December 20th. The stock was bought at an average price of $11.21 per share, for a total transaction of $44,840.00. Following the transaction, the vice president now directly owns 4,000 shares in the company, valued at $44,840. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.85% of the company's stock.
Ascent Industries Stock Down 0.1 %
Shares of NASDAQ:ACNT traded down $0.01 during midday trading on Friday, hitting $11.18. 9,123 shares of the company's stock traded hands, compared to its average volume of 22,608. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 3.77. The company has a market cap of $112.84 million, a PE ratio of -65.76 and a beta of 0.83. The firm's fifty day moving average price is $11.19 and its two-hundred day moving average price is $10.45. Ascent Industries Co. has a twelve month low of $8.16 and a twelve month high of $12.38.
About Ascent Industries
(
Free Report)
Ascent Industries Co an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries.
Further Reading
Before you consider Ascent Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ascent Industries wasn't on the list.
While Ascent Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
