Insider Selling: Athel Fahad Mohammed Saleh Al Unloads 12,522 Shares of Arabian American Development Stock (ARSD)
Arabian American Development (NASDAQ:ARSD) major shareholder Athel Fahad Mohammed Saleh Al unloaded 12,522 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $12.52, for a total value of $156,775.44. Following the transaction, the insider now directly owns 4,527,508 shares in the company, valued at approximately $56,684,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Arabian American Development (NASDAQ:ARSD) traded down 0.64% on Thursday, hitting $12.39. The stock had a trading volume of 51,923 shares. Arabian American Development has a 52-week low of $7.01 and a 52-week high of $12.85. The stock has a 50-day moving average of $11.68 and a 200-day moving average of $9.58. The company has a market cap of $298.9 million and a price-to-earnings ratio of 16.85.
Arabian American Development (NASDAQ:ARSD) last released its earnings data on Thursday, October 31st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.08. The company had revenue of $60.90 million for the quarter, compared to the consensus estimate of $58.00 million. On average, analysts predict that Arabian American Development will post $0.59 earnings per share for the current fiscal year.
Arabian American Development Company is engaged in manufacturing various specialty petrochemical products.
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