De Lisle Partners LLP Takes Position in Ascent Industries Co. $ACNT

De Lisle Partners LLP bought a new stake in Ascent Industries Co. (NASDAQ:ACNT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 197,824 shares of the company’s stock, valued at approximately $2,976,000. De Lisle Partners LLP owned 2.20% of Ascent Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC raised its position in Ascent Industries by 66.8% in the 4th quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $26,000 after purchasing an additional 635 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Ascent Industries by 114.3% during the third quarter. BNP Paribas Financial Markets now owns 1,937 shares of the company’s stock worth $25,000 after buying an additional 1,033 shares in the last quarter. Strs Ohio grew its position in shares of Ascent Industries by 3.2% during the first quarter. Strs Ohio now owns 36,000 shares of the company’s stock worth $479,000 after buying an additional 1,100 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Ascent Industries by 38.2% during the fourth quarter. Deutsche Bank AG now owns 6,626 shares of the company’s stock worth $107,000 after buying an additional 1,832 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ascent Industries by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 438,167 shares of the company’s stock worth $5,643,000 after buying an additional 1,833 shares during the period. 26.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Ascent Industries from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Ascent Industries Stock Performance

NASDAQ:ACNT opened at $14.72 on Friday. The firm has a market capitalization of $132.63 million, a PE ratio of -32.71 and a beta of 0.52. The business’s fifty day moving average price is $14.96 and its 200 day moving average price is $14.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.33 and a quick ratio of 3.63. Ascent Industries Co. has a 12 month low of $11.72 and a 12 month high of $17.92.

Ascent Industries (NASDAQ:ACNT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $25.67 million during the quarter. Ascent Industries had a negative return on equity of 2.72% and a negative net margin of 5.31%.

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.