L.S. Starrett Company (The) (SCX) CFO Buys $32,850.00 in Stock
L.S. Starrett Company (The) (NYSE:SCX) CFO Douglas A. Starrett acquired 4,500 shares of the stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of $7.30 per share, with a total value of $32,850.00. Following the purchase, the chief financial officer now owns 52,754 shares of the company’s stock, valued at approximately $385,104.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
L.S. Starrett Company (NYSE:SCX) traded up 0.64% on Friday, hitting $7.90. 20,691 shares of the stock traded hands. The firm’s 50-day moving average price is $7.40 and its 200-day moving average price is $9.07. L.S. Starrett Company has a 12-month low of $6.75 and a 12-month high of $11.90. The stock has a market cap of $55.17 million, a price-to-earnings ratio of 56.43 and a beta of 1.34.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Monday, September 18th. L.S. Starrett Company (The)’s payout ratio is currently -20.10%.
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Several large investors have recently modified their holdings of the company. Teton Advisors Inc. grew its holdings in shares of L.S. Starrett Company (The) by 1.7% during the 2nd quarter. Teton Advisors Inc. now owns 348,498 shares of the company’s stock worth $2,997,000 after purchasing an additional 5,821 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of L.S. Starrett Company (The) by 87.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,831 shares of the company’s stock worth $188,000 after purchasing an additional 10,186 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of L.S. Starrett Company (The) by 3.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 291,208 shares of the company’s stock worth $2,504,000 after purchasing an additional 10,900 shares during the period. Institutional investors and hedge funds own 40.69% of the company’s stock.
About L.S. Starrett Company (The)
The L.S. Starrett Company is engaged in the business of manufacturing over 5,000 variations of precision tools, gages, measuring instruments and saw blades for industrial, professional and consumer markets across the world. The Company’s product line includes precision measuring tools (micrometers, calipers and rules, among others.), levels, electronic gages, dial indicators, gage blocks and granite surface plates and custom-engineered products.
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