Aceto Corporation (NASDAQ:ACET) SVP Steven Rogers sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $10.34, for a total transaction of $20,680.00. Following the completion of the sale, the senior vice president now owns 38,530 shares of the company’s stock, valued at $398,400.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 transaction 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 transaction of $35,303.25.

Shares of Aceto Corporation (NASDAQ:ACET) traded down 0.68% on Friday, reaching $10.28. 338,075 shares of the company’s stock traded hands. Aceto Corporation has a 12-month low of $10.27 and a 12-month high of $22.46. The stock has a 50-day moving average of $14.60 and a 200 day moving average of $14.93. The firm has a market cap of $309.52 million, a P/E ratio of 29.37 and a beta of 1.35.

Aceto Corporation (NASDAQ:ACET) last released its earnings results on Thursday, August 24th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.17. The business had revenue of $194.60 million for the quarter, compared to the consensus estimate of $184.49 million. Aceto Corporation had a return on equity of 10.21% and a net margin of 1.78%. The firm’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same quarter last year, the business 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 year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.26 annualized dividend and a dividend yield of 2.53%. Aceto Corporation’s payout ratio is currently 74.29%.

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A number of equities research analysts recently commented on the stock. Canaccord Genuity assumed coverage on shares of Aceto Corporation in a report on Monday, July 31st. They set a “buy” rating and a $19.00 price target for the company. Zacks Investment Research lowered shares of Aceto Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 30th. ValuEngine lowered shares of Aceto Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Aceto Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Aceto Corporation has an average rating of “Hold” and an average target price of $20.00.

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Aceto Corporation by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 23,463 shares of the company’s stock valued at $362,000 after acquiring an additional 361 shares in the last quarter. State Street Corp raised its holdings in shares of Aceto Corporation by 1.6% in the second quarter. State Street Corp now owns 813,664 shares of the company’s stock valued at $12,574,000 after acquiring an additional 13,159 shares in the last quarter. AHL Partners LLP raised its holdings in shares of Aceto Corporation by 5.6% in the second quarter. AHL Partners LLP now owns 58,276 shares of the company’s stock valued at $900,000 after acquiring an additional 3,088 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Aceto Corporation by 35.5% in the second quarter. Voya Investment Management LLC now owns 47,694 shares of the company’s stock valued at $737,000 after acquiring an additional 12,483 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Aceto Corporation by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,530,011 shares of the company’s stock valued at $39,089,000 after acquiring an additional 133,773 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Aceto Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Aceto Corporation (NASDAQ:ACET)

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