Kadant Inc (KAI) Files Form 4 Insider Selling : Jonathan W Painter Sells 10,000 Shares

Kadant Inc (KAI): Jonathan W Painter , PRESIDENT AND CEO of Kadant Inc sold 10,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $50.32 per share for a total value of $503,217.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Thomas C Leonard (director) sold 2,500 shares at $50.00 per share price.On Jan 12, 2016, William P Tully (director) sold 3,750 shares at $38.03 per share price.Also, On Nov 10, 2015, John M Albertine (director) sold 5,000 shares at $40.99 per share price.On May 28, 2015, Thomas M Obrien (CFO, EXECUTIVE VICE PRESIDENT) sold 5,500 shares at $48.00 per share price.

Shares of Kadant (KAI) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.22% at $50.23 with 63,955 shares getting traded. Post opening the session at $50.4, the shares hit an intraday low of $50 and an intraday high of $50.71 and the price vacillated in this range throughout the day. The company has a market cap of $545 M and the number of outstanding shares has been calculated to be 1,08,54,322 shares. The 52-week high of Kadant is $51.52 and the 52-week low is $33.38.

Kadant Money Flow Index Chart

On May 18, 2016, Kadant announced a cash dividend of $0.1900. The company’s management has announced Jul 12, 2016 as the ex-dividend date and fixed the record date on Jul 14, 2016. The payable date has been fixed on Aug 11, 2016.

Kadant Inc. is a supplier of equipment used in process industries. The process industries including papermaking paper recycling and oriented strand board (OSB) an engineered wood panel product used primarily in home construction. In addition the Company manufactures granules made from papermaking byproducts. It operates in two segments: Papermaking Systems and Wood Processing Systems and a separate product line Fiber-based Products. Through its Papermaking Systems segment it develops manufactures and markets a range of equipment and products for the papermaking paper recycling and other process industries. Through its Wood Processing Systems segment it designs manufactures and markets stranders and related equipment. Through its Fiber-based Products business the Company produces biodegradable absorbent granules from papermaking byproducts for use as carriers for agricultural home lawn and garden and professional lawn turf and ornamental applications.

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