Myers Industries, Inc. (NYSE:MYE) CEO Dave Basque Purchases 5,000 Shares of Stock

Myers Industries, Inc. (NYSE:MYE) CEO Dave Basque purchased 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $11.33 per share, for a total transaction of $56,650.00. Following the completion of the transaction, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at approximately $330,292.16. This trade represents a 20.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dave Basque also recently made the following trade(s):

• On Monday, December 9th, Dave Basque acquired 5,000 shares of Myers Industries stock. The stock was acquired at an average cost of $12.41 per share, for a total transaction of $62,050.00.
• On Thursday, December 5th, Dave Basque acquired 5,000 shares of Myers Industries stock. The stock was acquired at an average cost of $12.13 per share, for a total transaction of $60,650.00.

Myers Industries Trading Down 0.4 %

Shares of MYE opened at $12.08 on Wednesday. The stock’s fifty day simple moving average is $12.12 and its 200-day simple moving average is $13.55. The firm has a market capitalization of $450.10 million, a PE ratio of 28.76 and a beta of 1.22. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a 12-month low of $10.35 and a 12-month high of $23.63.

Myers Industries (NYSE:MYE) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The company had revenue of $205.07 million during the quarter. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. During the same period in the previous year, the company earned $0.38 EPS. As a group, research analysts predict that Myers Industries, Inc. will post 0.95 earnings per share for the current year.

Myers Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be issued a $0.135 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a dividend yield of 4.47%. Myers Industries’s dividend payout ratio (DPR) is currently 128.57%.

Institutional Investors Weigh In On Myers Industries

Large investors have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Myers Industries in the second quarter worth about $25,000. Point72 DIFC Ltd bought a new stake in shares of Myers Industries in the third quarter worth about $28,000. Point72 Asset Management L.P. bought a new stake in shares of Myers Industries in the third quarter worth about $72,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Myers Industries during the third quarter worth about $85,000. Finally, Quest Partners LLC acquired a new stake in Myers Industries in the 3rd quarter valued at approximately $150,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, KeyCorp lowered Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th.

About Myers Industries

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.