Algert Global LLC Lowers Position in Arotech Co. (ARTX)

Algert Global LLC decreased its position in Arotech Co. (NASDAQ:ARTX) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,445 shares of the aerospace company’s stock after selling 34,964 shares during the period. Algert Global LLC’s holdings in Arotech were worth $161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Arotech by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,727,014 shares of the aerospace company’s stock valued at $6,476,000 after purchasing an additional 188,019 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Arotech by 1,124.3% during the second quarter. Millennium Management LLC now owns 469,163 shares of the aerospace company’s stock valued at $1,759,000 after purchasing an additional 430,842 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Arotech by 25.2% during the third quarter. Ancora Advisors LLC now owns 323,035 shares of the aerospace company’s stock valued at $1,098,000 after purchasing an additional 65,101 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new stake in shares of Arotech during the third quarter valued at about $279,000. Finally, B. Riley Financial Inc. boosted its stake in shares of Arotech by 44.4% during the third quarter. B. Riley Financial Inc. now owns 154,067 shares of the aerospace company’s stock valued at $524,000 after purchasing an additional 47,350 shares in the last quarter. Hedge funds and other institutional investors own 28.93% of the company’s stock.

In other news, Chairman Jon B. Kutler purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average cost of $2.59 per share, with a total value of $25,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 46,000 shares of company stock worth $120,460 over the last three months. Insiders own 9.40% of the company’s stock.

Separately, Zacks Investment Research raised Arotech from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Friday, January 11th.

Shares of ARTX stock opened at $3.17 on Tuesday. Arotech Co. has a 12 month low of $2.37 and a 12 month high of $4.15. The stock has a market cap of $85.82 million, a PE ratio of 19.81 and a beta of 1.59. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09.

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Arotech Profile

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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Institutional Ownership by Quarter for Arotech (NASDAQ:ARTX)

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