L.S. Starrett Company (The) (SCX) Shares Bought by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL raised its position in shares of L.S. Starrett Company (The) (NYSE:SCX) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,708 shares of the company’s stock after acquiring an additional 12,500 shares during the period. Gamco Investors INC. ET AL owned approximately 4.35% of L.S. Starrett Company (The) worth $2,703,000 at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp boosted its stake in shares of L.S. Starrett Company (The) by 87.5% in the second quarter. Bank of New York Mellon Corp now owns 21,831 shares of the company’s stock valued at $188,000 after buying an additional 10,186 shares during the period. Institutional investors and hedge funds own 40.30% of the company’s stock.
In related news, CFO Douglas A. Starrett purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was acquired at an average cost of $7.30 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the chief financial officer now owns 52,754 shares in the company, valued at approximately $385,104.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 7,600 shares of company stock valued at $55,480. 2.08% of the stock is currently owned by corporate insiders.
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Shares of L.S. Starrett Company (SCX) opened at $8.29 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.48 and a quick ratio of 1.54. The stock has a market capitalization of $58.07, a P/E ratio of 43.68 and a beta of 1.32. L.S. Starrett Company has a 12 month low of $6.75 and a 12 month high of $11.90.
L.S. Starrett Company (The) Profile
The L.S. Starrett Company is engaged in the business of manufacturing over 5,000 variations of precision tools, gages, measuring instruments and saw blades for industrial, professional and consumer markets across the world. The Company’s product line includes precision measuring tools (micrometers, calipers and rules, among others.), levels, electronic gages, dial indicators, gage blocks and granite surface plates and custom-engineered products.
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