Mesa Laboratories, Inc. (MLAB) Insider Sells $595,920.00 in Stock

Mesa Laboratories, Inc. (NASDAQ:MLAB) insider Glenn E. Adriance sold 4,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $148.98, for a total value of $595,920.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,489,800. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Mesa Laboratories, Inc. (NASDAQ:MLAB) traded down 0.85% during midday trading on Monday, hitting $140.49. The company had a trading volume of 12,702 shares. The firm’s 50-day moving average is $146.89 and its 200-day moving average is $130.90. The firm has a market capitalization of $525.01 million, a P/E ratio of 48.28 and a beta of 0.44. Mesa Laboratories, Inc. has a 12-month low of $102.14 and a 12-month high of $169.80.

Mesa Laboratories (NASDAQ:MLAB) last posted its quarterly earnings results on Wednesday, June 7th. The medical instruments supplier reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.24. Mesa Laboratories had a return on equity of 17.67% and a net margin of 11.94%. The firm had revenue of $24.30 million during the quarter, compared to analyst estimates of $27.10 million. On average, analysts predict that Mesa Laboratories, Inc. will post $3.06 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, May 26th. Mesa Laboratories’s payout ratio is currently 21.99%.

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Separately, Zacks Investment Research cut Mesa Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 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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