Ascent IndustriesACNT
Market Cap: 103M
About: Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
Employees: 517
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
20% more capital invested
Capital invested by funds: $18.3M [Q4 2023] → $21.9M (+$3.59M) [Q1 2024]
4% more funds holding
Funds holding: 27 [Q4 2023] → 28 (+1) [Q1 2024]
2.32% more ownership
Funds ownership: 18.94% [Q4 2023] → 21.25% (+2.32%) [Q1 2024]
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Research analyst outlook
We haven’t received any recent analyst ratings for ACNT.