Mannatech, Incorporated Announces Quarterly Dividend of $0.20 (NASDAQ:MTEX)

Mannatech, Incorporated (NASDAQ:MTEX – Get Rating) announced a quarterly dividend on Thursday, May 25th, Zacks reports. Shareholders of record on Thursday, June 15th will be given a dividend of 0.20 per share on Thursday, June 29th. This represents a $0.80 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Wednesday, June 14th.

Mannatech has raised its dividend payment by an average of 17.0% per year over the last three years.

Mannatech Stock Down 1.8 %

NASDAQ MTEX opened at $12.14 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.68 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $17.39. Mannatech has a 12-month low of $11.91 and a 12-month high of $27.99.

Mannatech (NASDAQ:MTEX – Get Rating) last posted its earnings results on Friday, March 17th. The company reported ($3.78) earnings per share (EPS) for the quarter. Mannatech had a negative net margin of 3.26% and a negative return on equity of 26.68%. The business had revenue of $34.34 million during the quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Mannatech in a research note on Wednesday. They issued a “buy” rating for the company. TheStreet cut shares of Mannatech from a “b-” rating to a “d+” rating in a research note on Thursday, April 6th.

Institutional Trading of Mannatech

A hedge fund recently raised its stake in Mannatech stock. LSV Asset Management boosted its stake in shares of Mannatech, Incorporated (NASDAQ:MTEX – Get Rating) by 1,090.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,142 shares of the company’s stock after purchasing an additional 6,542 shares during the quarter. LSV Asset Management owned 0.37% of Mannatech worth $261,000 at the end of the most recent quarter. 24.90% of the stock is currently owned by institutional investors.

About Mannatech

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Mannatech, Inc engages in the development of nutritional supplements, topical and skin care products and weight-management products that target optimal health and wellness. Its product category includes integrative health, targeted health, wealth and fitness, skin care, essentials, and home. The company was founded by Marlin Ray Robbins and Samuel L.