Ascent Industries Co. (NASDAQ:ACNT) Director Christopher Gerald Hutter Sells 15,010 Shares

Ascent Industries Co. (NASDAQ:ACNT) Director Christopher Gerald Hutter sold 15,010 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $12.16, for a total value of $182,521.60. Following the completion of the transaction, the director now owns 209,233 shares of the company’s stock, valued at $2,544,273.28. This trade represents a 6.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ascent Industries Trading Up 0.4 %

Shares of ACNT opened at $12.95 on Wednesday. The stock has a fifty day moving average of $11.35 and a two-hundred day moving average of $10.61. 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 capitalization of $130.52 million, a PE ratio of -76.18 and a beta of 0.81. Ascent Industries Co. has a fifty-two week low of $8.16 and a fifty-two week high of $13.00.

Ascent Industries (NASDAQ:ACNT) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $40.67 million during the quarter. Ascent Industries had a negative return on equity of 12.48% and a negative net margin of 0.80%.

Institutional Trading of Ascent Industries

A number of institutional investors and hedge funds have recently made changes to their positions in ACNT. Empowered Funds LLC increased its holdings in shares of Ascent Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 42,644 shares of the company’s stock worth $414,000 after buying an additional 2,144 shares during the last quarter. De Lisle Partners LLP boosted its position in 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 during the period. AMH Equity Ltd purchased a new stake in Ascent Industries during the 4th quarter worth $671,000. HighTower Advisors LLC boosted its position in Ascent Industries by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 83,231 shares of the company’s stock worth $931,000 after purchasing an additional 1,083 shares during the period. Finally, Geode Capital Management LLC boosted its position in Ascent Industries by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 93,322 shares of the company’s stock worth $1,044,000 after purchasing an additional 1,869 shares during the period. 26.05% of the stock is currently owned by institutional investors and hedge funds.

About Ascent Industries

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.