L.S. Starrett Co. (SCX) CFO Acquires $49,809.80 in Stock

L.S. Starrett Co. (NYSE:SCX) CFO Douglas A. Starrett acquired 4,595 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average price of $10.84 per share, with a total value of $49,809.80. Following the completion of the acquisition, the chief financial officer now owns 17,776 shares of the company’s stock, valued at approximately $192,691.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

L.S. Starrett Co. (NYSE:SCX) opened at 9.99 on Tuesday. The firm has a 50-day moving average price of $10.67 and a 200-day moving average price of $11.19. L.S. Starrett Co. has a 1-year low of $8.40 and a 1-year high of $13.71. The company’s market capitalization is $70.18 million.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.00%. The ex-dividend date was Friday, September 16th. L.S. Starrett’s payout ratio is presently 71.43%.

Separately, TheStreet downgraded L.S. Starrett from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th.

About L.S. Starrett

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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