Mesa Laboratories Inc. (MLAB) Insider Glenn E. Adriance Sells 3,567 Shares
Mesa Laboratories Inc. (NASDAQ:MLAB) insider Glenn E. Adriance sold 3,567 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $135.93, for a total transaction of $484,862.31. Following the sale, the insider now owns 15,525 shares of the company’s stock, valued at $2,110,313.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Mesa Laboratories Inc. (NASDAQ:MLAB) opened at 129.00 on Tuesday. The firm has a 50 day moving average of $124.19 and a 200-day moving average of $116.87. Mesa Laboratories Inc. has a 52-week low of $77.00 and a 52-week high of $137.20. The company has a market capitalization of $474.59 million, a price-to-earnings ratio of 45.04 and a beta of 0.65.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, November 28th. Mesa Laboratories’s dividend payout ratio is currently 22.70%.
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Separately, Zacks Investment Research lowered shares of Mesa Laboratories from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 12th.
Mesa Laboratories Company Profile
Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.
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