Insider Selling: Somero Enterprises, Inc. (SOM) Insider Sells 46,000 Shares of Stock

Somero Enterprises, Inc. (LON:SOM) insider Lawrence Horsch sold 46,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of GBX 413 ($5.38), for a total transaction of £189,980 ($247,466.46).

Shares of LON:SOM traded down GBX 2.50 ($0.03) during trading on Friday, reaching GBX 392.50 ($5.11). 45,885 shares of the stock were exchanged, compared to its average volume of 88,174. Somero Enterprises, Inc. has a 12-month low of GBX 260 ($3.39) and a 12-month high of GBX 385 ($5.01).

The business also recently declared a dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Thursday, September 27th will be issued a $0.06 dividend. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 27th.

Separately, FinnCap reiterated a “corporate” rating on shares of Somero Enterprises in a report on Monday, June 11th.

Somero Enterprises Company Profile

Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-840 Laser Screed, S-15R Laser Screed, S-22E Laser Screed, S-22EZ Advanced Laser Screed, S-485 Laser Screed, S-940 Laser Screed, S-10A Laser Screed, and the S-158 Laser Screed machines; and STS-11M Spreader, as well as the 3-D Profiler System software, the Somero Floor Levelness System, and the SP-16 Concrete Hose Line-Pulling and Placing System.

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