Insider Buying: Arotech Co. (ARTX) Chairman Purchases 5,000 Shares of Stock
Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $2.94 per share, with a total value of $14,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Jon B. Kutler also recently made the following trade(s):
- On Friday, March 8th, Jon B. Kutler acquired 9,984 shares of Arotech stock. The shares were bought at an average price of $3.01 per share, with a total value of $30,051.84.
NASDAQ ARTX opened at $2.93 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 1.97. Arotech Co. has a 12 month low of $2.37 and a 12 month high of $4.15. The company has a market capitalization of $80.66 million, a P/E ratio of 18.31 and a beta of 1.44.
Several institutional investors and hedge funds have recently modified their holdings of ARTX. Dimensional Fund Advisors LP raised its holdings in shares of Arotech by 8.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,866,057 shares of the aerospace company’s stock worth $6,345,000 after acquiring an additional 139,043 shares in the last quarter. Ancora Advisors LLC raised its holdings in Arotech by 25.2% during the 3rd quarter. Ancora Advisors LLC now owns 323,035 shares of the aerospace company’s stock valued at $1,098,000 after buying an additional 65,101 shares during the period. First Wilshire Securities Management Inc. purchased a new stake in Arotech during the 3rd quarter valued at $279,000. B. Riley Financial Inc. raised its holdings in Arotech by 44.4% during the 3rd quarter. B. Riley Financial Inc. now owns 154,067 shares of the aerospace company’s stock valued at $524,000 after buying an additional 47,350 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Arotech during the 3rd quarter valued at $55,000. 31.13% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Arotech from a “buy” rating to a “hold” rating in a report on Monday, January 14th.
COPYRIGHT VIOLATION WARNING: This story was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://theolympiareport.com/2019/03/15/insider-buying-arotech-co-artx-chairman-purchases-5000-shares-of-stock.html.
Arotech Company Profile
Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel.
Recommended Story: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Arotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arotech and related companies with MarketBeat.com's FREE daily email newsletter.