Insider Sale: Central Garden & Pet (NASDAQ: CENT) SVP Sells 6,466 Shares

Central Garden & Pet (NASDAQ:CENT – Get Rating) SVP John Edward Hanson sold 6,466 shares in a trade on Tuesday August 16th. The stock was sold at an average price of $42.65, for a total transaction of $275,774.90. Following the sale, the senior vice president now directly owns 49,805 shares of the company, valued at approximately $2,124,183.25. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

Central Garden & Pet Stock up 0.4%

The NASDAQ CENT traded down $0.19 on Thursday, hitting $44.92. The company had a trading volume of 18,170 shares, against an average volume of 46,987. The company’s fifty-day moving average is $43.34 and its 200-day moving average is $44.44. Central Garden & Pet has a 1-year low of $40.03 and a 1-year high of $57.32. The company has a market capitalization of $2.44 billion, a price-earnings ratio of 16.21 and a beta of 0.54. The company has a debt ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16.

Institutional entries and exits

Several institutional investors and hedge funds have recently changed their holdings in the company. Mutual of America Capital Management LLC increased its position in Central Garden & Pet by 16.5% in the second quarter. Mutual of America Capital Management LLC now owns 1,637 shares of the company valued at $69,000 after buying 232 additional shares in the last quarter. Truist Financial Corp increased its stake in shares of Central Garden & Pet by 3.1% during the 1st quarter. Truist Financial Corp now owns 8,427 shares of the company worth $371,000 after acquiring 252 more shares in the last quarter. Captrust Financial Advisors increased its holdings of Central Garden & Pet shares by 41.4% in the first quarter. Captrust Financial Advisors now owns 959 shares of the company valued at $42,000 after buying 281 additional shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Central Garden & Pet by 6.4% in the first quarter. MetLife Investment Management LLC now owns 4,731 shares of the company worth $208,000 after buying 285 additional shares in the last quarter. Finally, KBC Group NV increased its stake in Central Garden & Pet by 26.6% during the first quarter. KBC Group NV now owns 2,296 shares in the company worth $101,000 after buying an additional 483 shares in the last quarter. 18.59% of the shares are held by institutional investors and hedge funds.

Central Garden & Pet Company Profile

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Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.

Further reading

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