Arotech Co. (ARTX) Chairman Acquires $64,000.00 in Stock

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Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler purchased 20,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was bought at an average cost of $3.20 per share, with a total value of $64,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

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

Shares of Arotech stock opened at $3.30 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.67. Arotech Co. has a 1 year low of $2.70 and a 1 year high of $4.35. The firm has a market cap of $86.08 million, a P/E 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 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Arotech had a net margin of 5.65% and a return on equity of 7.89%. The firm had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $23.75 million. equities analysts anticipate that Arotech Co. will post 0.14 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. B. Riley Financial Inc. purchased a new position in shares of Arotech during the second quarter worth $400,000. Millennium Management LLC raised its holdings in shares of Arotech by 1,124.3% during the second quarter. Millennium Management LLC now owns 469,163 shares of the aerospace company’s stock worth $1,759,000 after purchasing an additional 430,842 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Arotech during the second quarter worth $126,000. Dimensional Fund Advisors LP raised its holdings in shares of Arotech by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,727,014 shares of the aerospace company’s stock worth $6,476,000 after purchasing an additional 188,019 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of Arotech by 800.9% during the second quarter. Algert Global LLC now owns 99,553 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 88,503 shares during the last quarter. 27.44% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on ARTX. ValuEngine cut shares of Arotech from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut shares of Arotech from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Finally, TheStreet cut shares of Arotech from a “b-” rating to a “c” rating in a report on Tuesday, July 3rd.

About Arotech

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.

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