Insider Buying: Mannatech, Incorporated (MTEX) Director Purchases 1,500 Shares of Stock
Mannatech, Incorporated (NASDAQ:MTEX) Director Eric W. Schrier purchased 1,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $15.42 per share, for a total transaction of $23,130.00. Following the completion of the acquisition, the director now owns 5,068 shares in the company, valued at approximately $78,148.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mannatech, Incorporated (NASDAQ MTEX) traded down 1.32% on Monday, reaching $15.00. The company had a trading volume of 3,505 shares. The stock’s 50 day moving average is $15.92 and its 200-day moving average is $16.23. The stock has a market capitalization 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.
Mannatech, (NASDAQ:MTEX) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $47.69 million for the quarter. Mannatech, had a return on equity of 1.81% and a net margin of 0.41%. During the same quarter in the prior year, the company posted ($0.49) EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.33%. Mannatech,’s dividend payout ratio is currently 217.40%.
An institutional investor recently bought a new position in Mannatech, stock. JBF Capital Inc. purchased a new position in Mannatech, Incorporated (NASDAQ:MTEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,014 shares of the company’s stock, valued at approximately $250,000. JBF Capital Inc. owned approximately 0.59% of Mannatech, at the end of the most recent quarter. 18.84% of the stock is currently owned by hedge funds and other institutional investors.
Mannatech, Company Profile
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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