Virtu Financial LLC Buys Shares of 21,471 Arotech Co. (ARTX)

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.

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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.

Further Reading: Asset Allocation, Balancing Your Investments

Institutional Ownership by Quarter for Arotech (NASDAQ:ARTX)

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