Monotype Imaging Holdings CEO Unloads $750,750 in Stock (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) CEO Douglas J. Shaw unloaded 25,000 shares of Monotype Imaging Holdings stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $30.03, for a total transaction of $750,750.00. Following the completion of the sale, the chief executive officer now directly owns 155,566 shares of the company’s stock, valued at approximately $4,671,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) traded up 1.86% on Wednesday, hitting $30.59. 155,436 shares of the company’s stock traded hands. Monotype Imaging Holdings has a 1-year low of $23.52 and a 1-year high of $33.25. The stock has a 50-day moving average of $28.89 and a 200-day moving average of $28.37. The company has a market cap of $1.184 billion and a price-to-earnings ratio of 38.80.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. The company had revenue of $45.00 million for the quarter, compared to the consensus estimate of $44.94 million. During the same quarter last year, the company posted $0.28 earnings per share. Monotype Imaging Holdings’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Monotype Imaging Holdings will post $1.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.05%.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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