Insider Selling: Dale G. Barnhart Sells 36,100 Shares of Lydall Stock (LDL)
Lydall (NYSE:LDL) CEO Dale G. Barnhart unloaded 36,100 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.45, for a total value of $990,945.00. Following the sale, the chief executive officer now directly owns 249,999 shares in the company, valued at approximately $6,862,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lydall (NYSE:LDL) traded down 0.44% on Wednesday, hitting $27.27. The stock had a trading volume of 64,197 shares. Lydall has a one year low of $15.40 and a one year high of $29.66. The stock has a 50-day moving average of $26.68 and a 200-day moving average of $24.81. The company has a market cap of $465.3 million and a price-to-earnings ratio of 22.27.
Lydall (NYSE:LDL) last announced its earnings results on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.26. Analysts expect that Lydall will post $1.65 EPS for the current fiscal year.
Lydall, Inc (NYSE:LDL) along with its subsidiaries, design and manufacture specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers, medical filtration media and devices and biopharmaceutical processing components for thermal/acoustical, filtration/separation and bio/medical applications.
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