De Lisle Partners LLP purchased a new position in shares of Ascent Industries Co. (NASDAQ:ACNT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 197,824 shares of the company’s stock, valued at approximately $2,976,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACNT. Dimensional Fund Advisors LP boosted its holdings in shares of Ascent Industries by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 438,167 shares of the company’s stock valued at $5,643,000 after acquiring an additional 1,833 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ascent Industries by 11.5% in the 1st quarter. Renaissance Technologies LLC now owns 329,000 shares of the company’s stock valued at $4,379,000 after acquiring an additional 33,900 shares during the period. Bard Associates Inc. acquired a new position in shares of Ascent Industries in the 2nd quarter valued at $4,839,000. Wells Fargo & Company MN raised its position in Ascent Industries by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 218,394 shares of the company’s stock valued at $3,536,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in Ascent Industries during the 2nd quarter worth $3,015,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.
Ascent Industries Stock Down 1.9%
ACNT opened at $14.72 on Friday. The business has a 50 day moving average price of $14.96 and a two-hundred day moving average price of $14.66. The company has a quick ratio of 3.63, a current ratio of 4.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $132.63 million, a PE ratio of -32.71 and a beta of 0.52. Ascent Industries Co. has a 52 week low of $11.72 and a 52 week high of $17.92.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Ascent Industries from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Report on Ascent Industries
Ascent Industries 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.
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