Ascent Industries Co. (NASDAQ:ACNT) VP Anthony X. Pan Purchases 2,000 Shares

Ascent Industries Co. (NASDAQ:ACNT) VP Anthony X. Pan acquired 2,000 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of $9.42 per share, with a total value of $18,840.00. Following the completion of the acquisition, the vice president now owns 10,570 shares in the company, valued at approximately $99,569.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ascent Industries Trading Up 0.9 %

Shares of ACNT opened at $9.75 on Thursday. The firm has a market cap of $98.77 million, a price-to-earnings ratio of -3.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 3.16. Ascent Industries Co. has a fifty-two week low of $7.20 and a fifty-two week high of $11.19. The firm has a 50 day moving average price of $9.90 and a 200-day moving average price of $10.08.

Ascent Industries (NASDAQ:ACNT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter. Ascent Industries had a negative return on equity of 12.99% and a negative net margin of 6.89%. The business had revenue of $50.19 million during the quarter.

Institutional Investors Weigh In On Ascent Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. raised its holdings in Ascent Industries by 36.0% during the 1st quarter. Perritt Capital Management Inc. now owns 20,402 shares of the company’s stock valued at $208,000 after buying an additional 5,402 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ascent Industries by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 256,736 shares of the company’s stock valued at $2,616,000 after buying an additional 10,688 shares during the last quarter. Empowered Funds LLC raised its holdings in Ascent Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,620 shares of the company’s stock valued at $383,000 after buying an additional 2,800 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Ascent Industries by 82.5% during the 4th quarter. Victory Capital Management Inc. now owns 8,857 shares of the company’s stock valued at $85,000 after buying an additional 4,004 shares during the last quarter. 26.05% of the stock is currently owned by institutional investors.

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.