Militia Capital Partners LP Takes Position in ACM Research, Inc. $ACMR

Key Points

• Militia Capital Partners LP acquired a new stake in ACM Research, purchasing 21,689 shares valued at approximately $506,000 during the first quarter of this year.
• Insider transactions include sales by Jian Wang and David H. Wang, collectively offloading 100,000 shares for over $2.8 million, indicating a decrease in their ownership stakes.
• ACM Research reported a quarterly earnings per share (EPS) of $0.54, surpassing estimates and marking a 6.4% increase in revenue year-over-year, despite a slight revenue miss against analyst expectations.

Militia Capital Partners LP acquired a new stake in shares of ACM Research, Inc. (NASDAQ:ACMR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,689 shares of the specialty retailer's stock, valued at approximately $506,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Man Group plc bought a new position in shares of ACM Research during the fourth quarter valued at about $370,000. Pinpoint Asset Management Ltd raised its stake in shares of ACM Research by 14.4% during the first quarter. Pinpoint Asset Management Ltd now owns 122,428 shares of the specialty retailer's stock valued at $2,857,000 after acquiring an additional 15,382 shares during the last quarter. Aberdeen Group plc bought a new position in shares of ACM Research during the first quarter valued at about $235,000. GAMMA Investing LLC increased its position in shares of ACM Research by 4,309.2% during the first quarter. GAMMA Investing LLC now owns 19,092 shares of the specialty retailer's stock valued at $446,000 after buying an additional 18,659 shares during the period. Finally, Bryce Point Capital LLC purchased a new position in shares of ACM Research during the first quarter valued at about $761,000. 66.75% of the stock is owned by institutional investors.

Insider Activity at ACM Research

In related news, insider Jian Wang sold 30,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $960,000.00. Following the transaction, the insider owned 253,158 shares in the company, valued at $8,101,056. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David H. Wang sold 70,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $26.76, for a total transaction of $1,873,200.00. Following the transaction, the insider owned 672,708 shares in the company, valued at $18,001,666.08. This represents a 9.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,152 shares of company stock valued at $6,914,160 over the last three months. Corporate insiders own 25.00% of the company's stock.

ACM Research Price Performance

Shares of NASDAQ ACMR opened at $30.10 on Friday. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $32.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The company's 50-day moving average is $28.20 and its 200 day moving average is $25.26. The stock has a market capitalization of $1.78 billion, a P/E ratio of 18.24 and a beta of 1.43.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. The company had revenue of $215.37 million for the quarter, compared to analysts' expectations of $223.42 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. ACM Research's quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts expect that ACM Research, Inc. will post 1.17 earnings per share for the current year.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.