Aceto Corporation (NASDAQ:ACET) SVP Steven Rogers sold 2,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $10.34, for a total value of $20,680.00. Following the completion of the transaction, the senior vice president now directly owns 38,530 shares in the company, valued at $398,400.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Steven Rogers also recently made the following trade(s):
- On Wednesday, September 6th, Steven Rogers sold 2,050 shares of Aceto Corporation stock. The shares were sold at an average price of $10.47, for a total value of $21,463.50.
- On Wednesday, July 5th, Steven Rogers sold 2,285 shares of Aceto Corporation stock. The shares were sold at an average price of $15.45, for a total value of $35,303.25.
Aceto Corporation (NASDAQ ACET) traded up 0.19% on Friday, reaching $10.44. The company had a trading volume of 911,760 shares. The company’s 50 day moving average is $13.75 and its 200-day moving average is $14.72. Aceto Corporation has a one year low of $10.27 and a one year high of $22.46. The firm has a market capitalization of $314.34 million, a price-to-earnings ratio of 29.83 and a beta of 1.35.
Aceto Corporation (NASDAQ:ACET) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.17). The firm had revenue of $194.60 million for the quarter, compared to the consensus estimate of $184.49 million. Aceto Corporation had a net margin of 1.78% and a return on equity of 10.21%. The business’s revenue was up 43.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that Aceto Corporation will post $1.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.26 annualized dividend and a yield of 2.49%. Aceto Corporation’s payout ratio is 74.29%.
ILLEGAL ACTIVITY NOTICE: “Steven Rogers Sells 2,000 Shares of Aceto Corporation (ACET) Stock” was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.truebluetribune.com/2017/09/17/steven-rogers-sells-2000-shares-of-aceto-corporation-acet-stock.html.
A number of institutional investors have recently bought and sold shares of the business. Seizert Capital Partners LLC boosted its position in Aceto Corporation by 0.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 24,145 shares of the company’s stock valued at $373,000 after acquiring an additional 75 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Aceto Corporation by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,977 shares of the company’s stock valued at $340,000 after purchasing an additional 170 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Aceto Corporation by 1.7% during the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock valued at $194,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Aceto Corporation by 1.3% during the first quarter. Arizona State Retirement System now owns 15,649 shares of the company’s stock valued at $247,000 after purchasing an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Aceto Corporation by 1.4% during the first quarter. PNC Financial Services Group Inc. now owns 15,824 shares of the company’s stock valued at $250,000 after purchasing an additional 224 shares during the last quarter. 82.32% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on ACET. ValuEngine downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Aceto Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Canaccord Genuity began coverage on Aceto Corporation in a research note on Monday, July 31st. They set a “buy” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.00.
About Aceto Corporation
Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.
Receive News & Ratings for Aceto Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aceto Corporation and related companies with MarketBeat.com's FREE daily email newsletter.