Introduction
On September 9, 2024, Tyler Rameson, a Director at Mannatech Inc (NASDAQ:MTEX), made headlines by purchasing 16,288 shares of the company. This transaction was reported in a recent SEC Filing. Following this acquisition, Rameson now owns a total of 299,197 shares in Mannatech Inc.
About Mannatech Inc
Mannatech Inc is a global player in the health and wellness industry, known for its dietary supplements and skin care products. The company provides a variety of wellness solutions to consumers worldwide.
Details of the Transaction
The shares were acquired at $7.75 each, totaling approximately $125,932. This purchase occurred when the stock was considered significantly undervalued, with a current price-to-GF-Value ratio of 0.5. The GF Value of $15.60 suggests a potential undervaluation.
Market Position
Mannatech Inc has a market cap of $14.144 million, reflecting its presence in the health and wellness sector. The company’s valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are based on historical trading multiples and future business projections.
Insider Activity
Over the past year, Mannatech Inc has seen 1 insider buy and 2 insider sells. Rameson’s recent purchase indicates a potential confidence in the company’s future performance.
Conclusion
This insider transaction offers investors insights into the actions of significant stakeholders within Mannatech Inc, highlighting their perspective on the stock’s value and future prospects.
This article, generated by GuruFocus, provides general insights and is not tailored financial advice. It is based on historical data and analyst projections and is not intended as specific investment guidance. Always consider your investment objectives and financial circumstances before making decisions.
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