Mannatech (NASDAQ:MTEX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Mannatech (NASDAQ:MTEXGet Rating) in a research note issued to investors on Saturday. The brokerage issued a strong-buy rating on the stock.

Separately, TheStreet lowered shares of Mannatech from a b rating to a c+ rating in a report on Tuesday, June 7th.

Mannatech Stock Performance

MTEX stock opened at $20.16 on Friday. Mannatech has a 52 week low of $15.49 and a 52 week high of $43.10. The firm’s fifty day moving average is $20.18 and its 200 day moving average is $26.26. The firm has a market cap of $38.51 million, a P/E ratio of 6.52 and a beta of 1.14.

Mannatech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, September 13th. Mannatech’s dividend payout ratio (DPR) is presently 25.89%.

Institutional Investors Weigh In On Mannatech

An institutional investor recently raised its position in Mannatech stock. LSV Asset Management boosted its position in Mannatech, Incorporated (NASDAQ:MTEXGet Rating) by 1,090.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,142 shares of the company’s stock after acquiring an additional 6,542 shares during the period. LSV Asset Management owned 0.37% of Mannatech worth $261,000 at the end of the most recent reporting period. 23.74% of the stock is owned by institutional investors and hedge funds.

Mannatech Company Profile

(Get Rating)

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.

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