Mannatech major shareholder Samuel L. Caster Unloads 482,516 Shares (MTEX)
Mannatech (NASDAQ:MTEX) major shareholder Samuel L. Caster sold 482,516 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $29.11, for a total transaction of $14,046,040.76. Following the sale, the insider now directly owns 63,795 shares of the company’s stock, valued at approximately $1,857,072. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Mannatech (NASDAQ:MTEX) opened at 15.75 on Thursday. Mannatech has a one year low of $5.52 and a one year high of $35.00. The stock has a 50-day moving average of $17.04 and a 200-day moving average of $20.83. The company has a market cap of $41.8 million and a price-to-earnings ratio of 48.64.
Mannatech (NASDAQ:MTEX) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $44.40 million for the quarter, compared to the consensus estimate of $43.00 million.
Mannatech, Incorporated is a global wellness solution provider. The Company develops and sells nutritional supplements, topical and skin cares products, and weight-management products that target optimal health and wellness.
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