Aceto Corporation (NASDAQ:ACET), saw a high level insider execute a transaction that began last week and was officially filed today, September 2nd, resulting in the lowering of their exposure to the company. Director Hans C. Noetzli sold 2,000 shares of common stock at an average price of $18.85 per share, and now holds a total of 51,587 shares directly in the company.
Moreover, Aceto Corporation (NASDAQ:ACET) is a $565.83 million market cap company that is primarily engaged in the sourcing, regulatory support, quality assurance, marketing, sales and distribution of pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products and specialty chemicals used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical consuming industries.
In addition the largest outside involvement comes from billionaire Chuck Royce‘s Royce & Associates hedge fund, which holds about 1.6 million shares worth a market value of nearly $29 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.