Jon B. Kutler Acquires 5,000 Shares of Arotech Co. (ARTX) Stock

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Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $2.94 per share, for a total transaction of $14,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, March 8th, Jon B. Kutler bought 9,984 shares of Arotech stock. The shares were bought at an average cost of $3.01 per share, for a total transaction of $30,051.84.

Arotech stock opened at $2.93 on Friday. The stock has a market cap of $80.66 million, a P/E ratio of 18.31 and a beta of 1.44. Arotech Co. has a 52 week low of $2.37 and a 52 week high of $4.15. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Arotech (NASDAQ:ARTX) last issued its quarterly earnings data on Wednesday, March 6th. The aerospace company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Arotech had a return on equity of 5.72% and a net margin of 1.94%. The company had revenue of $23.63 million for the quarter, compared to analyst estimates of $25.37 million. Research analysts anticipate that Arotech Co. will post 0.18 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in Arotech by 49.4% in the fourth quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 4,352 shares during the period. Marshall Wace LLP acquired a new stake in Arotech in the third quarter valued at approximately $55,000. Shepherd Kaplan Krochuk LLC acquired a new stake in Arotech in the fourth quarter valued at approximately $54,000. Acadian Asset Management LLC grew its holdings in Arotech by 31.7% in the fourth quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8,729 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new stake in Arotech in the third quarter valued at approximately $279,000. 31.13% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised Arotech from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Monday, January 28th.

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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.

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