Myers Industries, Inc. (NYSE:MYE) CEO Purchases $62,050.00 in Stock

Myers Industries, Inc. (NYSE:MYE) CEO Dave Basque bought 5,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $12.41 per share, for a total transaction of $62,050.00. Following the acquisition, the chief executive officer now directly owns 39,152 shares in the company, valued at $485,876.32. The trade was a 14.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, December 5th, Dave Basque bought 5,000 shares of Myers Industries stock. The stock was acquired at an average price of $12.13 per share, for a total transaction of $60,650.00.
• On Tuesday, December 3rd, Dave Basque bought 5,000 shares of Myers Industries stock. The stock was acquired at an average price of $11.33 per share, for a total transaction of $56,650.00.

Myers Industries Trading Down 4.6 %

NYSE:MYE opened at $11.95 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80. The firm has a market cap of $445.26 million, a price-to-earnings ratio of 28.45 and a beta of 1.22. Myers Industries, Inc. has a 52 week low of $10.35 and a 52 week high of $23.63. The firm has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $13.53.

Myers Industries (NYSE:MYE) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm 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 last year, the business posted $0.38 EPS. On average, equities analysts expect that Myers Industries, Inc. will post 0.95 earnings per share for the current fiscal year.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be paid a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a yield of 4.52%. Myers Industries’s dividend payout ratio (DPR) is 128.57%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Myers Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Myers Industries during the 2nd quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new position in Myers Industries in the 3rd quarter worth approximately $28,000. Point72 Asset Management L.P. bought a new position in Myers Industries in the 3rd quarter worth approximately $72,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Myers Industries in the 3rd quarter worth approximately $85,000. Finally, Quest Partners LLC bought a new position in Myers Industries in the 3rd quarter worth approximately $150,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.