Insider Selling: Austin & Greenhouse Da Marxe Sells 10,797 Shares of MicroFinancial Stock (MFI)
MicroFinancial (NYSE:MFI) major shareholder Austin & Greenhouse Da Marxe sold 10,797 shares of the company’s stock on the open market in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $8.77, for a total transaction of $94,689.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of MicroFinancial (NYSE:MFI) traded down 0.35% on Friday, hitting $8.56. 12,141 shares of the company’s stock traded hands. MicroFinancial has a one year low of $6.51 and a one year high of $9.30. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $7.89. The company has a market cap of $123.6 million and a price-to-earnings ratio of 13.02.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, October 31st. This is an increase from MicroFinancial’s previous quarterly dividend of $0.06.
MicroFinancial Incorporated (NYSE:MFI) operates primarily through its wholly owned subsidiaries, TimePayment Corp.
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