Insider Buying: Eastern Company (The) (EML) CEO Purchases $46,350.00 in Stock
Eastern Company (The) (NASDAQ:EML) CEO August M. Vlak purchased 1,800 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $25.75 per share, for a total transaction of $46,350.00. Following the acquisition, the chief executive officer now directly owns 6,800 shares of the company’s stock, valued at approximately $175,100. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Eastern Company (NASDAQ EML) opened at $26.15 on Friday. Eastern Company has a twelve month low of $18.85 and a twelve month high of $31.50. The company has a current ratio of 3.16, a quick ratio of 1.75 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $163.74, a price-to-earnings ratio of 17.43 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Eastern Company (The)’s dividend payout ratio is 35.48%.
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Several hedge funds have recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Eastern Company (The) by 13.5% during the second quarter. Bessemer Group Inc. now owns 20,433 shares of the industrial products company’s stock valued at $614,000 after buying an additional 2,433 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Eastern Company (The) by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 337,362 shares of the industrial products company’s stock valued at $10,138,000 after buying an additional 3,734 shares in the last quarter. Strs Ohio purchased a new position in shares of Eastern Company (The) during the second quarter valued at $147,000. The Manufacturers Life Insurance Company purchased a new position in shares of Eastern Company (The) during the second quarter valued at $159,000. Finally, SG Americas Securities LLC purchased a new position in Eastern Company (The) in the third quarter valued at about $155,000. Institutional investors and hedge funds own 66.09% of the company’s stock.
About Eastern Company (The)
The Eastern Company manufactures and sells industrial hardware, security products and metal products from over six United States operations and seven foreign subsidiaries. The Company maintains over 13 physical locations. It operates through three segments: Industrial Hardware, Security Products and Metal Products.
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