Connective Capital Management Exits Position in Arotech Corporation (ARTX)

Arotech Corporation (ARTX) : Connective Capital Management has sold out all of its stake in Arotech Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 24,477 shares of Arotech Corporation which is valued at $72,574.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in ARTX in the latest quarter, The investment management firm added 11,609 additional shares and now holds a total of 472,215 shares of Arotech Corporation which is valued at $1,400,117.Gsa Capital Partners Llp reduced its stake in ARTX by selling 12,900 shares or 27.04% in the most recent quarter. The Hedge Fund company now holds 34,800 shares of ARTX which is valued at $103,704. Arotech Corporation makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio. Plante Moran Financial Advisors sold out all of its stake in ARTX during the most recent quarter. The investment firm sold 56 shares of ARTX which is valued $162. Fny Managed Accounts added ARTX to its portfolio by purchasing 26,200 company shares during the most recent quarter which is valued at $72,312. Arotech Corporation makes up approx 0.07% of Fny Managed Accounts’s portfolio.

Arotech Corporation (ARTX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.59 and reached the intraday high at $2.6. The bulls started the profit booking and pushed the shares to intraday low of $2.55. The trading session was marked by a volume range of 58,870 shares exchanging hands. The 52-week high of the shares is $4.13 and the 52-week low is $1.26. The market cap of the company stands at $68 M and there are 2,64,38,224 shares in public circulation.

Arotech Corporation is a defense and security products and services company engaged in providing interactive simulation for military law enforcement and commercial markets and power systems and batteries for the military commercial and medical markets. The Company operates in two divisions: Training and Simulation Division and Power Systems Division. The Company’s Training and Simulation Division develops manufactures and markets multimedia and interactive digital solutions for use-of-force training and driving training of military law enforcement security emergency services and other personnel. The Company’s Power Systems Division provides battery solutions energy management and power distribution technologies and product design and manufacturing services for the aerospace defense law enforcement homeland security and medical markets and manufactures and sells lithium and Zinc-Air batteries for defense and security products.

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