Mesa Laboratories Inc. (NASDAQ:MLAB) insider Glenn E. Adriance sold 3,567 shares of the 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 completion of the transaction, the insider now directly owns 15,525 shares of the company’s stock, valued at $2,110,313.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Mesa Laboratories Inc. (NASDAQ:MLAB) opened at 129.00 on Tuesday. The company has a 50 day moving average of $124.19 and a 200 day moving average of $116.87. The stock has a market capitalization of $474.59 million, a price-to-earnings ratio of 45.04 and a beta of 0.65. Mesa Laboratories Inc. has a 12 month low of $77.00 and a 12 month high of $137.20.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.50%. Mesa Laboratories’s dividend payout ratio (DPR) is presently 22.70%.
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