Arotech Co. (ARTX) Chairman Jon B. Kutler Acquires 20,000 Shares

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Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler bought 20,000 shares of Arotech stock in a transaction on Monday, September 10th. The shares were purchased at an average cost of $3.20 per share, for a total transaction of $64,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jon B. Kutler also recently made the following trade(s):

  • On Friday, September 7th, Jon B. Kutler bought 2,446 shares of Arotech stock. The shares were purchased at an average cost of $3.20 per share, for a total transaction of $7,827.20.
  • On Wednesday, August 15th, Jon B. Kutler bought 2,843 shares of Arotech stock. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $9,239.75.

Shares of ARTX stock opened at $3.30 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10. Arotech Co. has a 12 month low of $2.70 and a 12 month high of $4.35. The stock has a market cap of $86.08 million, a price-to-earnings ratio of 20.63 and a beta of 1.66.

Arotech (NASDAQ:ARTX) last issued its earnings results on Tuesday, August 7th. The aerospace company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $21.88 million for the quarter, compared to the consensus estimate of $23.75 million. Arotech had a net margin of 5.65% and a return on equity of 7.89%. research analysts anticipate that Arotech Co. will post 0.14 EPS for the current fiscal year.

A number of equities analysts have commented on ARTX shares. Zacks Investment Research raised shares of Arotech from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. TheStreet downgraded shares of Arotech from a “b-” rating to a “c” rating in a research note on Tuesday, July 3rd. Finally, ValuEngine downgraded shares of Arotech from a “hold” rating to a “sell” rating in a research note on Wednesday.

Several institutional investors have recently added to or reduced their stakes in ARTX. Spark Investment Management LLC raised its stake in shares of Arotech by 155.0% in the 1st quarter. Spark Investment Management LLC now owns 38,500 shares of the aerospace company’s stock valued at $117,000 after acquiring an additional 23,400 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Arotech by 17.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,538,995 shares of the aerospace company’s stock valued at $4,694,000 after acquiring an additional 231,976 shares during the period. Cannell Capital LLC raised its stake in shares of Arotech by 2.7% in the 1st quarter. Cannell Capital LLC now owns 1,817,418 shares of the aerospace company’s stock valued at $5,543,000 after acquiring an additional 47,256 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Arotech in the 1st quarter valued at approximately $782,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in shares of Arotech in the 2nd quarter valued at approximately $112,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Market Capitalization and Individual Investors

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