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Ascent Industries

ACNT on Nasdaq. Market value $123m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice.

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Who owns it

2 long-term investors we follow own it, up from 1 last quarter. 81 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

  • Mink Brook Capital GP LLC
    Passive investor
    at least 9.6%+1.2 pts
    (filed with 4 related holders)
    Since 31 March 2026
  • Pinnacle Family Office Investments, L.P., a Texas limited partnership 27-1405464
    Passive investor
    at least 5.3%
    (filed with 1 related holder)
    Since 14 November 2025
  • Jumana Capital Investments LLC
    at least 4.1%−1.4 pts
    (filed with 1 related holder)
    Since 21 October 2025
  • Radoff Bradley Louis
    Passive investor
    Sold down below 5%
    Since 30 June 2025
  • BlackRock, Inc.
    Passive investor
    Sold down below 5%
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $98,569 of shares on the open market. 1 sold $21,150.

  • Mazzaferro Aldo John Jr
    Director
    Sold
    Date
    26 June 2026
    Shares
    1,500
    Price
    $14.10
    Value
    $21,150
  • Kitchen John Bryan
    Chief Executive Officer
    Bought
    Date
    17 March 2026
    Shares
    7,595
    Price
    $12.98
    Value
    $98,569

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

1 serious warning sign in Ascent Industries’ filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 3 Mar 2026, plus the 10-Q filed 4 Aug 2026 and 9 later 8-Ks.

  • Weak checks on its own accounts

    Serious

    The company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.

    “Based upon that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2026, because of the previously reported material weaknesses in internal control over financial reporting, as described below.”
    Show the full paragraph
    Officer, conducted an evaluation of the effectiveness of the Company’s disclosure controls and procedures as of June 30, 2026. Based upon that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2026, because of the previously reported material weaknesses in internal control over financial reporting, as described below.

    From the 10-Q filed 4 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.