Patterson Companies, Inc. (NASDAQ:PDCO)’s share price dropped 3.1% during mid-day trading on Monday . The stock traded as low as $35.44 and last traded at $35.50. Approximately 1,843 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 775,015 shares. The stock had previously closed at $36.63.
The firm’s fifty day simple moving average is $33.96. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -7.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 6th. Stockholders of record on Friday, July 23rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.89%. Patterson Companies’s payout ratio is 67.10%.
In related news, VP Les B. Korsh sold 1,174 shares of the stock in a transaction on Monday, April 26th. The shares were sold at an average price of $33.65, for a total transaction of $39,505.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Les B. Korsh sold 4,577 shares of the stock in a transaction on Monday, June 14th. The stock was sold at an average price of $35.68, for a total transaction of $163,307.36. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of large investors have recently modified their holdings of PDCO. Inspire Advisors LLC acquired a new stake in Patterson Companies during the 4th quarter worth $26,000. Mascoma Wealth Management LLC acquired a new stake in Patterson Companies during the 1st quarter worth $26,000. Captrust Financial Advisors boosted its stake in Patterson Companies by 391.2% during the 1st quarter. Captrust Financial Advisors now owns 835 shares of the company’s stock worth $27,000 after purchasing an additional 665 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Patterson Companies by 89.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 991 shares of the company’s stock worth $31,000 after purchasing an additional 468 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in Patterson Companies during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Patterson Companies Company Profile (NASDAQ:PDCO)
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; technology solutions, such as practice management software and e-commerce solutions; patient education systems; and office forms and stationery.
See Also: Accumulation/Distribution