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 value of $484,862.31. Following the completion of the sale, the insider now directly owns 15,525 shares of the company’s stock, valued at approximately $2,110,313.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mesa Laboratories Inc. (NASDAQ:MLAB) traded down 2.02% during midday trading on Monday, reaching $129.00. The company’s stock had a trading volume of 13,415 shares. The firm’s 50-day moving average price is $123.95 and its 200-day moving average price is $116.56. Mesa Laboratories Inc. has a 52 week low of $77.00 and a 52 week high of $137.20. The stock has a market capitalization of $474.59 million, a PE 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 paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, November 28th. Mesa Laboratories’s dividend payout ratio (DPR) is 22.70%.
Separately, Zacks Investment Research cut Mesa Laboratories from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 12th.
About Mesa Laboratories