Emerson Leme Sells 2,837 Shares of The L.S. Starrett Company (NYSE:SCX) Stock

The L.S. Starrett Company (NYSE:SCXGet Rating) VP Emerson Leme sold 2,837 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $8.65, for a total value of $24,540.05. Following the sale, the vice president now owns 37,819 shares of the company’s stock, valued at $327,134.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

L.S. Starrett Price Performance

Shares of NYSE:SCX opened at $9.00 on Thursday. The company has a current ratio of 3.23, a quick ratio of 1.61 and a debt-to-equity ratio of 0.24. The L.S. Starrett Company has a 1 year low of $6.26 and a 1 year high of $13.90. The business has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $7.41. The firm has a market cap of $65.61 million, a price-to-earnings ratio of 4.48 and a beta of 0.65.

Institutional Trading of L.S. Starrett

Hedge funds and other institutional investors have recently modified their holdings of the company. National Asset Management Inc. purchased a new stake in shares of L.S. Starrett during the first quarter worth $81,000. Atria Wealth Solutions Inc. purchased a new stake in shares of L.S. Starrett during the first quarter worth $85,000. Acadian Asset Management LLC raised its holdings in shares of L.S. Starrett by 34.7% during the fourth quarter. Acadian Asset Management LLC now owns 15,005 shares of the company’s stock worth $139,000 after acquiring an additional 3,864 shares in the last quarter. Finally, Teton Advisors Inc. raised its holdings in shares of L.S. Starrett by 3.2% during the first quarter. Teton Advisors Inc. now owns 67,100 shares of the company’s stock worth $516,000 after acquiring an additional 2,100 shares in the last quarter. 37.91% of the stock is currently owned by hedge funds and other institutional investors.

L.S. Starrett Company Profile

(Get Rating)

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products.

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