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Ascent Industries Co. (NASDAQ:ACNT), a $120.75 million market cap company trading near its 52-week high of $13.70, has adopted a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, according to a press release statement included in a recent SEC filing. The plan allows for the repurchase of up to 350,000 shares of the company’s common stock, with transactions to be executed daily based on specified price targets. According to InvestingPro analysis, management has been consistently aggressive with share buybacks, maintaining a high shareholder yield.
The trading plan will take effect on Sunday and is scheduled to end on November 4, 2025. Under the terms of the plan, a broker selected by Ascent Industries will have the authority to repurchase shares on the company’s behalf, following the conditions and limitations set forth in the plan. The company appears well-positioned to execute this buyback, with InvestingPro data showing a strong current ratio of 6.64 and more cash than debt on its balance sheet.
Rule 10b5-1 trading plans are designed to permit companies to buy back shares during periods when they might otherwise be restricted from doing so, such as during self-imposed blackout periods or under insider trading regulations.
Ascent Industries stated that, after the expiration of this trading plan, it may implement additional Rule 10b5-1 plans in the future to facilitate further stock repurchases under its existing repurchase program.
Information about the company’s stock repurchases will be reported in its periodic filings on Form 10-Q and 10-K with the Securities and Exchange Commission, as required by applicable regulations. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 8 additional ProTips and a detailed Fair Value assessment, available in the Pro Research Report covering Ascent Industries among 1,400+ top US stocks.
The information in this article is based on a press release statement contained in Ascent Industries’ recent SEC filing.
In other recent news, Ascent Industries reported disappointing results for the second quarter of 2025. The company announced an earnings per share (EPS) of -$0.25, which was significantly below the analysts’ expectation of $0.27. This represented a negative surprise of 192.59%. Additionally, the revenue for the quarter was $18.7 million, falling short of the expected $56.9 million by 67.14%. These results highlight a challenging period for Ascent Industries as they missed both earnings and revenue estimates.
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