60,000 Shares in Ascent Industries Co. (NASDAQ:ACNT) Acquired by AMH Equity Ltd

AMH Equity Ltd bought a new stake in shares of Ascent Industries Co. (NASDAQ:ACNT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $671,000. AMH Equity Ltd owned about 0.59% of Ascent Industries at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACNT. Values Added Financial LLC purchased a new stake in shares of Ascent Industries in the 3rd quarter worth $133,000. Empowered Funds LLC grew its holdings in Ascent Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 42,644 shares of the company’s stock valued at $414,000 after purchasing an additional 2,144 shares during the period. Finally, De Lisle Partners LLP increased its position in Ascent Industries by 5.5% in the third quarter. De Lisle Partners LLP now owns 197,824 shares of the company’s stock worth $1,914,000 after buying an additional 10,349 shares in the last quarter. 26.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Ravi Ramesh Srinivas bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $11.21 per share, with a total value of $44,840.00. Following the acquisition, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $44,840. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.85% of the stock is owned by company insiders.

Ascent Industries Stock Down 0.8 %

NASDAQ ACNT opened at $11.12 on Thursday. The stock’s 50-day moving average price is $11.19 and its 200-day moving average price is $10.44. The company has a market capitalization of $112.23 million, a P/E ratio of -65.41 and a beta of 0.83. The company has a quick ratio of 1.81, a current ratio of 3.77 and a debt-to-equity ratio of 0.01. Ascent Industries Co. has a 52 week low of $8.16 and a 52 week high of $12.38.

Ascent Industries Company Profile

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.