Mesa Laboratories, Inc. (NASDAQ:MLAB) Director Seg Ventures, Llc acquired 40,000 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were bought at an average cost of $24.75 per share, for a total transaction of $990,000.00. Following the acquisition, the director now owns 120,000 shares in the company, valued at $2,970,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Seg Ventures, Llc also recently made the following trade(s):

  • On Friday, October 12th, Seg Ventures, Llc acquired 30,000 shares of Mesa Laboratories stock. The shares were bought at an average cost of $21.52 per share, for a total transaction of $645,600.00.
  • On Sunday, December 30th, Seg Ventures, Llc acquired 20,000 shares of Mesa Laboratories stock. The shares were bought at an average cost of $23.10 per share, for a total transaction of $462,000.00.

Shares of NASDAQ MLAB opened at $181.50 on Friday. The stock has a market capitalization of $693.18 million, a PE ratio of 29.37 and a beta of 0.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 2.10. Mesa Laboratories, Inc. has a 1 year low of $122.35 and a 1 year high of $224.95.

Mesa Laboratories (NASDAQ:MLAB) last issued its earnings results on Tuesday, July 31st. The medical instruments supplier reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.27. The company had revenue of $25.14 million for the quarter. Mesa Laboratories had a negative net margin of 0.25% and a positive return on equity of 15.92%. Analysts expect that Mesa Laboratories, Inc. will post 7.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, November 29th. Mesa Laboratories’s dividend payout ratio (DPR) is presently 10.36%.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Mesa Laboratories from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th. Zacks Investment Research raised shares of Mesa Laboratories from a “hold” rating to a “buy” rating and set a $248.00 target price on the stock in a research note on Wednesday, July 11th. TheStreet raised shares of Mesa Laboratories from a “c” rating to a “b” rating in a research note on Thursday, June 28th. Finally, ValuEngine lowered shares of Mesa Laboratories from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Mesa Laboratories in the 2nd quarter valued at about $248,000. Paloma Partners Management Co bought a new position in shares of Mesa Laboratories in the 2nd quarter valued at about $284,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Mesa Laboratories in the 2nd quarter valued at about $298,000. Engineers Gate Manager LP bought a new position in shares of Mesa Laboratories in the 2nd quarter valued at about $324,000. Finally, Spark Investment Management LLC bought a new position in shares of Mesa Laboratories in the 2nd quarter valued at about $337,000. 71.91% of the stock is currently owned by institutional investors.

About Mesa Laboratories

Mesa Laboratories, Inc designs, manufactures, and markets quality control instruments and disposable products. The company's Instruments segment offers data loggers, which are precision instruments used in critical manufacturing, quality control, and validation applications; medical meters and calibration solutions used to test various parameters of the dialysis fluid, and the calibration and operation of the dialysis machine; gas flow calibration and air sampling equipment that are used for industrial hygiene assessments, calibration of gas metering equipment, and environmental air monitoring; and torque testing systems used for measure bottle cap tightness.

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