Mannatech, Incorporated (NASDAQ:MTEX) Director Eric W. Schrier Purchases 1,500 Shares of Stock
Mannatech, Incorporated (NASDAQ:MTEX) Director Eric W. Schrier purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $15.42 per share, with a total value of $23,130.00. Following the purchase, the director now directly owns 5,068 shares in the company, valued at $78,148.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Mannatech, Incorporated (NASDAQ:MTEX) opened at 15.00 on Tuesday. The firm has a market cap of $40.67 million, a P/E ratio of 61.48 and a beta of 1.12. Mannatech, Incorporated has a 1-year low of $12.51 and a 1-year high of $23.80. The stock’s 50 day moving average price is $15.92 and its 200 day moving average price is $16.23.
Mannatech, (NASDAQ:MTEX) last announced its earnings results on Tuesday, August 8th. The company reported $0.65 earnings per share for the quarter. Mannatech, had a return on equity of 1.81% and a net margin of 0.41%. The business had revenue of $47.69 million during the quarter. During the same period in the prior year, the business earned ($0.49) EPS.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.33%. Mannatech,’s dividend payout ratio is currently 217.40%.
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A hedge fund recently bought a new stake in Mannatech, stock. Northern Trust Corp bought a new stake in shares of Mannatech, Incorporated (NASDAQ:MTEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,168 shares of the company’s stock, valued at approximately $158,000. Northern Trust Corp owned 0.38% of Mannatech, as of its most recent SEC filing. Institutional investors own 18.84% of the company’s stock.
Mannatech, Incorporated is a wellness solution provider. The Company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. The Company operates through the segment of sale of nutritional supplements, skin care and anti-aging products, and weight management and fitness products through network marketing distribution channels in approximately 20 countries.
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