Aceto Corp. (NASDAQ:ACET) shares were up 1.3% on Wednesday . The stock traded as high as $24.62 and last traded at $24.52, with a volume of 75,284 shares traded. The stock had previously closed at $24.21.

Separately, Zacks Investment Research raised Aceto Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.

The stock has a market capitalization of $727.79 million and a P/E ratio of 17.46. The firm has a 50-day moving average of $24.45 and a 200-day moving average of $22.75.

In related news, Chairman Albert L. Eilender sold 9,881 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $22.21, for a total value of $219,457.01. Following the completion of the transaction, the chairman now directly owns 217,889 shares in the company, valued at $4,839,314.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas A. Roth sold 7,000 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $22.16, for a total transaction of $155,120.00. Following the completion of the transaction, the chief financial officer now owns 65,553 shares of the company’s stock, valued at $1,452,654.48. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Aceto Corp. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,023,521 shares of the company’s stock valued at $54,595,000 after buying an additional 61,871 shares during the last quarter. Redwood Investments LLC raised its stake in Aceto Corp. by 28.5% in the fourth quarter. Redwood Investments LLC now owns 52,278 shares of the company’s stock valued at $1,410,000 after buying an additional 11,584 shares during the last quarter. Morgan Stanley raised its stake in Aceto Corp. by 15.7% in the fourth quarter. Morgan Stanley now owns 457,690 shares of the company’s stock valued at $12,349,000 after buying an additional 62,003 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Aceto Corp. by 24.6% in the fourth quarter. California Public Employees Retirement System now owns 115,000 shares of the company’s stock valued at $3,103,000 after buying an additional 22,700 shares during the last quarter.

Aceto Corporation (Aceto) is engaged in marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

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