Mannatech, Inc. Announces Quarterly Dividend of $0.13 (MTEX)

Mannatech, Inc. (NASDAQ:MTEX) announced a quarterly dividend on Monday, March 12th, RTT News reports. Shareholders of record on Wednesday, March 21st will be given a dividend of 0.125 per share on Wednesday, March 28th. This represents a $0.50 dividend on an annualized basis and a yield of 3.25%.

Mannatech (MTEX) traded up $1.27 during mid-day trading on Monday, reaching $15.40. 17,476 shares of the company’s stock were exchanged, compared to its average volume of 4,025. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. Mannatech has a 52 week low of $12.51 and a 52 week high of $18.00. The stock has a market capitalization of $38.28, a price-to-earnings ratio of 52.35 and a beta of 1.06.

In related news, Director Robert Toth purchased 2,000 shares of Mannatech stock in a transaction dated Friday, December 29th. The stock was acquired at an average cost of $15.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the director now directly owns 59,568 shares of the company’s stock, valued at $893,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 5,500 shares of company stock valued at $82,050 over the last three months. 23.10% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Mannatech stock. Northern Trust Corp purchased a new position in Mannatech, Inc. (NASDAQ:MTEX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,168 shares of the company’s stock, valued at approximately $158,000. Northern Trust Corp owned approximately 0.38% of Mannatech at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.00% of the company’s stock.

Separately, ValuEngine lowered shares of Mannatech from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

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About Mannatech

Mannatech, Incorporated is a wellness solution provider. The Company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. The Company operates through the segment of sale of nutritional supplements, skin care and anti-aging products, and weight management and fitness products through network marketing distribution channels in approximately 20 countries.

Dividend History for Mannatech (NASDAQ:MTEX)

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