Virtu Financial LLC purchased a new stake in Arotech Co. (NASDAQ:ARTX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,471 shares of the aerospace company’s stock, valued at approximately $63,000. Virtu Financial LLC owned 0.08% of Arotech as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Arotech by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,866,057 shares of the aerospace company’s stock worth $6,345,000 after buying an additional 139,043 shares during the period. Marshall Wace LLP purchased a new stake in Arotech in the 3rd quarter worth approximately $55,000. ETF Managers Group LLC lifted its holdings in Arotech by 63.7% in the 4th quarter. ETF Managers Group LLC now owns 82,876 shares of the aerospace company’s stock worth $217,000 after buying an additional 32,235 shares during the period. LSV Asset Management purchased a new stake in Arotech in the 4th quarter worth approximately $311,000. Finally, Acadian Asset Management LLC lifted its holdings in Arotech by 31.7% in the 4th quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock worth $95,000 after buying an additional 8,729 shares during the period. 30.79% of the stock is owned by institutional investors.
In other news, Chairman Jon B. Kutler bought 9,984 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of $3.01 per share, with a total value of $30,051.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 19,984 shares of company stock valued at $59,902 in the last three months. Corporate insiders own 8.50% of the company’s stock.
Separately, Zacks Investment Research cut Arotech from a “hold” rating to a “strong sell” rating in a report on Friday.
Shares of NASDAQ:ARTX opened at $2.30 on Friday. Arotech Co. has a 52-week low of $1.90 and a 52-week high of $4.15. The company has a market capitalization of $62.40 million, a PE ratio of 14.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.81 and a quick ratio of 1.50.
Arotech (NASDAQ:ARTX) last announced its earnings results on Wednesday, May 8th. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). Arotech had a positive return on equity of 2.60% and a negative net margin of 0.15%. The firm had revenue of $20.78 million during the quarter, compared to the consensus estimate of $24.10 million. Equities research analysts forecast that Arotech Co. will post 0.18 EPS for the current year.
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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