Insider Selling: Kewaunee Scientific Co. (NASDAQ:KEQU) VP Sells $227,285.00 in Stock

Kewaunee Scientific Co. (NASDAQ:KEQU) VP Douglas J. Batdorff sold 3,470 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $65.50, for a total transaction of $227,285.00. Following the completion of the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $327,500. This trade represents a 40.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kewaunee Scientific Price Performance

KEQU stock opened at $62.00 on Friday. The business has a 50 day simple moving average of $45.63 and a 200-day simple moving average of $44.05. The company has a market capitalization of $178.06 million, a P/E ratio of 9.83 and a beta of 0.80. Kewaunee Scientific Co. has a twelve month low of $27.00 and a twelve month high of $67.20. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares during the period. Renaissance Technologies LLC lifted its position in Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after acquiring an additional 10,580 shares during the period. De Lisle Partners LLP lifted its position in Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 11,511 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kewaunee Scientific by 8.9% in the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after purchasing an additional 1,941 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Kewaunee Scientific by 24.6% during the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,156 shares during the last quarter. 32.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.