KAI - JONATHAN PAINTER Implements A Sell Strategy: Offloads $2.31M In Kadant Stock | Benzinga
It was reported on March 5, that JONATHAN PAINTER, Director at Kadant (NYSE:KAI) executed a significant insider sell, according to an SEC filing.
What Happened: PAINTER's recent move involves selling 7,000 shares of Kadant. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $2,311,761.
During Tuesday's morning session, Kadant shares down by 0.0%, currently priced at $326.29.
Unveiling the Story Behind Kadant
Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
Kadant's Economic Impact: An Analysis
Revenue Growth: Over the 3 months period, Kadant showcased positive performance, achieving a revenue growth rate of 2.83% as of 31 December, 2023. This reflects a substantial increase in ...