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.

Insider Buying and Selling by Quarter for Mesa Laboratories (NASDAQ:MLAB)

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%.

ILLEGAL ACTIVITY NOTICE: “Mesa Laboratories Inc. (MLAB) Insider Glenn E. Adriance Sells 3,567 Shares” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/mesa-laboratories-inc-mlab-insider-glenn-e-adriance-sells-3567-shares.html.

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.

5 Day Chart for NASDAQ:MLAB

Receive News & Stock Ratings for Mesa Laboratories Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Laboratories Inc. and related stocks with our FREE daily email newsletter.