Kadant Inc (KAI) Files Form 4 Insider Selling : Thomas C Leonard Sells 1,250 Shares

Kadant Inc (KAI): Thomas C Leonard , director of Kadant Inc sold 1,250 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $52.00 per share for a total value of $65,000.00 , 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 17, 2016, Jonathan W Painter (PRESIDENT AND CEO) sold 10,000 shares at $49.93 per share price.On Jun 7, 2016, Thomas C Leonard (director) sold 2,500 shares at $50.00 per share price.Also, On Jan 12, 2016, William P Tully (director) sold 3,750 shares at $38.03 per share price.On Nov 10, 2015, John M Albertine (director) sold 5,000 shares at $40.99 per share price.

Kadant: On Friday, Jul 1, 2016 heightened volatility was witnessed in Kadant which led to swings in the share price. The shares opened for trading at $51.41 and hit $53.16 on the upside , eventually ending the session at $52.73, with a gain of 2.37% or 1.22 points. The heightened volatility saw the trading volume jump to 80,302 shares. The 52-week high of the share price is $53.16 and the company has a market cap of $572 M . The 52-week low of the share price is at $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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