Director at Pro-Dex, Inc. Sells $50,000 in Stock

On March 19th, 2023, Raymond E. Cabillot, a director at Pro-Dex, Inc. (NASDAQ:PDEX), sold 1,000 shares of the company's stock. The shares were sold at an average price of $50.00, which brought the total value of the transaction to $50,000. Following this sale, Cabillot holds 299,695 shares of Pro-Dex, with an estimated total value of about $14,984,750. This transaction represents a 0.33% decrease in the director's ownership stake in the company. Details of the transaction have been documented in a legal filing with the Security and Exchange Commission (SEC).

Pro-Dex Stock Performance

On Friday, during midday trading, shares of Pro-Dex (NASDAQ:PDEX) experienced a slight decline, dropping $0.13 to a price of $48.92. A total of 14,151 shares were traded that day, in contrast to the company's average trading volume of 21,678 shares. The stock has a 50-day moving average price of $39.74 and a 200-day moving average price of $38.81. Pro-Dex's market capitalization stands at approximately $159.53 million, with a price-to-earnings (P/E) ratio of 24.34 and a beta of 0.68. Over the past year, the stock has reached a low of $16.84 and a high of $59.60, showcasing significant volatility.

The company reported its latest earnings results on January 30th, indicating an earnings per share (EPS) of $0.61 for the quarter, surpassing analysts' predictions of $0.38 by a substantial margin of $0.23. Notably, Pro-Dex enjoys a net margin of 11.06% and a return on equity of 21.68%. Analysts project Pro-Dex, Inc. to have an EPS of 2 for the ongoing fiscal year.

Analyst Ratings Update

In recent update, StockNews.com adjusted its rating for Pro-Dex, lowering it from a "buy" to a "hold" in a research note dated March 12th.

Hedge Funds and Institutional Holdings

Several hedge funds have adjusted their positions in Pro-Dex recently. EAM Investors LLC acquired a new shareholding worth $1,047,000 in the company during the fourth quarter, while O Shaughnessy Asset Management LLC purchased shares amounting to $995,000. Additionally, 683 Capital Management LLC acquired a stake valued at $739,000, followed by Ritholtz Wealth Management with a new position of $572,000, and lastly, American Century Companies Inc. invested $558,000 in Pro-Dex. Currently, institutional and hedge fund investors hold about 15.28% of the company's stock.

About Pro-Dex, Inc.

Pro-Dex, Inc. specializes in designing, developing, manufacturing, and selling powered surgical instruments tailored for medical device original equipment manufacturers globally. The company provides a range of surgical drivers and shavers that are autoclave-safe and battery-powered, focusing primarily on the orthopedic, thoracic, and craniomaxillofacial medical markets.

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