Candriam Luxembourg S.C.A. Takes Position in Mesa Laboratories, Inc. (MLAB)

Candriam Luxembourg S.C.A. bought a new position in Mesa Laboratories, Inc. (NASDAQ:MLAB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,000 shares of the medical instruments supplier’s stock, valued at approximately $896,000. Candriam Luxembourg S.C.A. owned about 0.16% of Mesa Laboratories at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC purchased a new position in Mesa Laboratories in the 2nd quarter worth about $221,000. Strs Ohio increased its position in Mesa Laboratories by 5.6% during the 2nd quarter. Strs Ohio now owns 1,900 shares of the medical instruments supplier’s stock valued at $272,000 after purchasing an additional 100 shares during the period. BT Investment Management Ltd purchased a new position in Mesa Laboratories during the 2nd quarter valued at about $277,000. Spark Investment Management LLC purchased a new position in Mesa Laboratories during the 2nd quarter valued at about $300,000. Finally, Sit Investment Associates Inc. purchased a new position in Mesa Laboratories during the 3rd quarter valued at about $314,000. 68.53% of the stock is currently owned by institutional investors.

Shares of Mesa Laboratories, Inc. (MLAB) opened at $133.40 on Monday. Mesa Laboratories, Inc. has a 1-year low of $113.57 and a 1-year high of $169.80. The firm has a market cap of $504.22, a PE ratio of 35.29 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.86 and a quick ratio of 1.97.

Mesa Laboratories (NASDAQ:MLAB) last released its quarterly earnings results on Monday, November 6th. The medical instruments supplier reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). Mesa Laboratories had a net margin of 11.48% and a return on equity of 14.77%. The firm had revenue of $22.95 million during the quarter, compared to the consensus estimate of $25.50 million. sell-side analysts predict that Mesa Laboratories, Inc. will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 29th. Mesa Laboratories’s dividend payout ratio is currently 23.10%.

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A number of research analysts have commented on the stock. TheStreet raised shares of Mesa Laboratories from a “c+” rating to a “b” rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of Mesa Laboratories from a “strong sell” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Mesa Laboratories from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.

Mesa Laboratories Profile

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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Institutional Ownership by Quarter for Mesa Laboratories (NASDAQ:MLAB)

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