Empowered Funds LLC raised its holdings in Ascent Industries Co. (NASDAQ:ACNT – Free Report) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,644 shares of the company’s stock after purchasing an additional 2,144 shares during the period. Empowered Funds LLC owned approximately 0.42% of Ascent Industries worth $414,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ACNT. Essex Investment Management Co. LLC bought a new stake in shares of Ascent Industries during the 3rd quarter worth approximately $132,000. Values Added Financial LLC acquired a new position in Ascent Industries during the third quarter valued at approximately $133,000. Finally, Vanguard Group Inc. lifted its stake in Ascent Industries by 4.3% during the first quarter. Vanguard Group Inc. now owns 256,736 shares of the company’s stock worth $2,616,000 after purchasing an additional 10,688 shares during the last quarter. Institutional investors and hedge funds own 26.05% of the company’s stock.
Ascent Industries Stock Performance
Shares of Ascent Industries stock opened at $10.40 on Monday. The company’s 50 day moving average price is $9.54 and its two-hundred day moving average price is $9.84. The firm has a market capitalization of $104.97 million, a P/E ratio of -61.18 and a beta of 0.79. 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 fifty-two week low of $7.20 and a fifty-two week high of $11.19.
Insider Buying and Selling
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.
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