113,302 Shares in Ascent Industries Co. $ACNT Purchased by Expect Equity LLC

Posted by Brian Himes on Aug 26th, 2026

Expect Equity LLC purchased a new stake in shares of Ascent Industries Co. (NASDAQ:ACNT – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 113,302 shares of the company’s stock, valued at approximately $1,703,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Ascent Industries by 66.8% during the fourth quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $26,000 after buying an additional 635 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Ascent Industries by 114.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,937 shares of the company’s stock worth $25,000 after acquiring an additional 1,033 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Ascent Industries during the 3rd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Ascent Industries during the 2nd quarter worth approximately $55,000. Finally, Bank of America Corp DE boosted its holdings in Ascent Industries by 258.0% during the 2nd quarter. Bank of America Corp DE now owns 4,475 shares of the company’s stock valued at $56,000 after acquiring an additional 3,225 shares during the period. 26.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Ascent Industries from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on ACNT

Ascent Industries Price Performance

Shares of ACNT opened at $15.08 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.63 and a current ratio of 4.33. The company has a 50 day moving average price of $15.01 and a 200-day moving average price of $14.61. Ascent Industries Co. has a fifty-two week low of $11.86 and a fifty-two week high of $17.92. The stock has a market capitalization of $135.87 million, a PE ratio of -33.51 and a beta of 0.52.

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

Ascent Industries Company Profile

(Free Report)

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.