De Lisle Partners LLP Grows Holdings in Ascent Industries Co. (NASDAQ:ACNT)

De Lisle Partners LLP raised its position in Ascent Industries Co. (NASDAQ:ACNT) by 5.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,824 shares of the company’s stock after purchasing an additional 10,349 shares during the period. De Lisle Partners LLP’s holdings in Ascent Industries were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Essex Investment Management Co. LLC purchased a new stake in shares of Ascent Industries during the third quarter valued at approximately $132,000. Values Added Financial LLC purchased a new position in Ascent Industries in the third quarter worth $133,000. 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 valued at $414,000 after purchasing an additional 2,144 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 10,688 shares during the last quarter. Institutional investors own 26.05% of the company’s stock.

Insiders Place Their Bets

In other news, insider Privet Fund Management Llc sold 1,665,000 shares of Ascent Industries stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $8.22, for a total value of $13,686,300.00. Following the completion of the transaction, the insider now owns 8,648 shares in the company, valued at $71,086.56. This trade represents a 99.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Bryan Kitchen purchased 11,170 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $8.61 per share, for a total transaction of $96,173.70. Following the completion of the purchase, the chief executive officer now directly owns 50,841 shares in the company, valued at $437,741.01. This represents a 28.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.85% of the company’s stock.

Ascent Industries Trading Up 0.6 %

NASDAQ ACNT opened at $10.88 on Thursday. The stock has a market capitalization of $109.78 million, a price-to-earnings ratio of -64.00 and a beta of 0.79. The business’s fifty day moving average is $9.63 and its 200-day moving average is $9.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.77 and a quick ratio of 1.81. Ascent Industries Co. has a one year low of $7.20 and a one year high of $11.19.

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.