Mesa Laboratories Inc. (MLAB) Director Sells $345,090.00 in Stock

Mesa Laboratories Inc. (NASDAQ:MLAB) Director H Stuart Campbell sold 3,000 shares of Mesa Laboratories stock in a transaction on Friday, September 16th. The shares were sold at an average price of $115.03, for a total value of $345,090.00. Following the transaction, the director now directly owns 67,930 shares of the company’s stock, valued at $7,813,987.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mesa Laboratories Inc. (NASDAQ:MLAB) traded down 0.89% on Wednesday, hitting $121.48. The company had a trading volume of 8,325 shares. The firm has a market capitalization of $445.22 million, a PE ratio of 44.35 and a beta of 0.66. Mesa Laboratories Inc. has a 12-month low of $77.00 and a 12-month high of $131.88. The firm has a 50-day moving average price of $114.50 and a 200-day moving average price of $110.86.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Monday, November 28th. Mesa Laboratories’s payout ratio is presently 23.97%.

Separately, Zacks Investment Research cut Mesa Laboratories from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 10th.

About Mesa Laboratories

Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.

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