De Lisle Partners LLP Purchases 10,349 Shares of Ascent Industries Co. (NASDAQ:ACNT)

De Lisle Partners LLP raised its holdings in Ascent Industries Co. (NASDAQ:ACNT) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,824 shares of the company’s stock after buying an additional 10,349 shares during the quarter. De Lisle Partners LLP owned 1.95% of Ascent Industries worth $1,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Ascent Industries by 5.3% during the third 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. Vanguard Group Inc. increased its position in Ascent Industries by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 256,736 shares of the company’s stock valued at $2,616,000 after buying an additional 10,688 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Ascent Industries during the 3rd quarter worth approximately $132,000. Finally, Values Added Financial LLC bought a new position in Ascent Industries in the third quarter worth approximately $133,000. 26.05% of the stock is currently owned by institutional investors.

Insider Activity at Ascent Industries

In related news, CEO John Bryan Kitchen acquired 11,170 shares of the stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of $8.61 per share, with a total value 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 trade represents a 28.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Privet Fund Management Llc sold 1,665,000 shares of the firm’s stock in a transaction that occurred on 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 represents a 99.48 % decrease in their position. The disclosure for this sale can be found here. 12.85% of the stock is currently owned by insiders.

Ascent Industries Trading Up 0.6 %

Shares of Ascent Industries stock opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 3.77. Ascent Industries Co. has a 52 week low of $7.20 and a 52 week high of $11.19. The stock has a 50 day moving average price of $9.63 and a two-hundred day moving average price of $9.86. The stock has a market capitalization of $109.78 million, a PE ratio of -64.00 and a beta of 0.79.

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.