ACMAT Corp (PK) (ACMT) 銘柄情報

$ACMT AM Best Affirms Credit Ratings of ACMAT Corporation and ACSTAR Insurance Company
Press Release | 02/03/2022
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of ACMAT Corporation (ACMAT) (Farmington, CT) [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICR of “a” (Excellent) of ACMAT’s wholly owned subsidiary, ACSTAR Insurance Company (ACSTAR) (Chicago, IL). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect ACSTAR’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

The ratings consider ACSTAR’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), management’s extensive knowledge and experience in its niche specialty within the surety sector, coupled with a disciplined underwriting philosophy. Partially offsetting these positive rating factors is a significant decline in premium volume in several recent years due, in part, to management’s selectivity in extremely competitive market conditions, and in 2020, the delay and halting of construction projects during the height of the COVID-19 pandemic. As a result, ACSTAR’s underwriting profits have contracted over several years. With the expectation of increased activity emanating from the recent passing of infrastructure legislation, AM Best expects ACSTAR will see more opportunities on which to compete with its terms and conditions and will continue to closely monitor the company’s premium volume, along with the evolving market conditions, to ensure that the limited business profile assessment remains appropriate.

The stable outlooks reflect AM Best’s expectation that ACSTAR’s risk-adjusted capitalization will remain supportive and that its operating results will remain profitable in the near term.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

PRICE PAID BY COMPANY TO ACQUIRE STOCK: 2012 26.8507557130459936 MIXTURE, 2013 26.3635034158838599 MIXTURE, 2014 27.5308067542213884 NEARLY ALL CLASS A STOCK BESIDES 100 COMMON STOCK, 2015 28.5053929 ALL CLASS A STOCK

Writing myself a reminder to figure out the price the company pays for its common and class A stock. Very important

About 1/30th of the float traded today

The volume today is weird because as soon as CDEL showed 12.25k on the ask it was taken out immediately

Class A Stock (No par value; 10,000,000 shares
authorized; 582,782 shares issued and outstanding)
market value 10,058,817.32

Common Stock (No par value; 3,500,000 shares
authorized; 357,966 shares issued and outstanding)
market value 7,248,811.5

total market value 17,307,628.82

total equity 30,480,961

Yes, great news

LooksGood

From the 2001 annual report.
ACMAT Corporation was saddened by the death of the Company’s founder, Chairman, President and Chief Executive Officer, Henry W. Nozko Sr. on January 13, 2002. His unique style, determination and skill led the Company through five decades of expanding products and services while broadening and strengthening the Company’s financial resources. From selling ceiling tile out of a one-car garage, the Company evolved into a diversified, multi-industry provider of construction and financial services. Under Mr. Nozko’s leadership, equity grew from approximately $4 thousand to $38 million with only $1.3 million raised as equity capital from the Company’s initial and only public offering in October 1971. The balance was generated the old fashion way. Shareholder value has grown from $1 per share at the time of the 1971 public offering to $16 per share today, an increase of over 1600%. We have dedicated this Annual Report to Mr. Nozko. Time will not impair the continuing benefits of Henry Nozko’s tremendous generosity nor change the legend of his unique leadership

ACMAT CORPORATION
ACMAT Corporation was formed in 1950 as a specialty trade building contractor.
During the late 1970’s the breadth of operations expanded and the company evolved into a general building contractor. In 2009 the company discontinued the construction operations. ACMAT Corporation is currently a holding company.
Thank you for your interest in our company. We generated solid earnings in 2014, which extends our record of generating income for 61 years out of our 64 year history. We write surety bonds for construction contractors. We are licensed and provide bonds for construction contractors in all 50 states

During 2014, we again met our company plan and goal of increasing per share equity, which increased to $32.36 at December 31, 2014 from $31.05 at December 31, 2013.
In keeping with and continuing our more than 25 year stock repurchase program, during 2014 the company purchased 66,525 shares of the company’s Class A stock and 100 shares of the company’s Common stock. The total consideration for all purchases was $1,834,240.
The shares were cancelled and retired and the purchase price has been reflected as an offset to retained earnings. We expect to continue such purchases in the future.

ACMT
Shares issued and outstanding (357,966)2015 (592,088) 1998
ACMTA
Shares issued and outstanding (594,782) 2015 (2,460,808) 1998
Equity in 1998 37,622,926
2014-2015
Assets 74,477,076
Liabilities 44,639,528
Equity 29,837,548
Revenue 4,076,250
During 2014, net income was $888,000

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