Arotech Corporation (ARTX) Position Maintained by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP continued to hold its stake in shares of Arotech Corporation (NASDAQ:ARTX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,082,745 shares of the aerospace company’s stock at the close of the 2nd quarter. Dimensional Fund Advisors LP owned 4.14% of Arotech Corporation worth $3,844,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in Arotech Corporation by 73.5% during the first quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock worth $143,000 after acquiring an additional 20,461 shares during the last quarter. GSA Capital Partners LLP increased its stake in Arotech Corporation by 105.1% during the second quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock worth $590,000 after acquiring an additional 85,100 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Arotech Corporation by 35.9% during the second quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock worth $1,549,000 after acquiring an additional 115,254 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Arotech Corporation by 1.9% during the second quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock worth $3,686,000 after acquiring an additional 19,082 shares during the last quarter. 21.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Arotech Corporation (ARTX) opened at $3.90 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.17. Arotech Corporation has a 52 week low of $2.80 and a 52 week high of $5.00. The firm has a market capitalization of $104.26, a P/E ratio of 43.89 and a beta of 1.33.

Arotech Corporation (NASDAQ:ARTX) last issued its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). Arotech Corporation had a positive return on equity of 3.27% and a negative net margin of 2.87%. The company had revenue of $25.93 million for the quarter, compared to the consensus estimate of $24.48 million. equities analysts predict that Arotech Corporation will post 0.14 EPS for the current fiscal year.

Several brokerages have weighed in on ARTX. Zacks Investment Research cut Arotech Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, November 14th. B. Riley reissued a “buy” rating and set a $4.50 price objective on shares of Arotech Corporation in a research note on Monday, August 7th.

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Arotech Corporation Profile

Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division.

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Institutional Ownership by Quarter for Arotech Corporation (NASDAQ:ARTX)

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