Exactech Executive Vice President Gary J. Miller sold 12,392 more shares of the company's stock last Tuesday, according to a Mideast Times report.
Mr. Miller sold 16,356 shares of the company's stock at the end of June at $25.33 per share in a total transaction worth $414,297.48. In the most recent transaction, Mr. Miller sold the stock for $26.21 per share for a total transaction of $324,794.
Mr. Miller currently owns 21,606 shares of the company's stock valued at $566,293. The company's market cap is $356.4 million, up from the end of June. Exactech reported $4.2 million in net income for the first quarter of 2014 and an increase in gross margins due to the continued focus on manufacturing cost reduction and the price impact of stronger European countries.
Exactech stock opened at $25.09 on Monday, July 7 with a P/E ratio of 21.58. The company has a 52-week high of $26.52 and low of $25.23, according to a MarketWatch report.
The company celebrated the 20th anniversary of its Exactech Knee this year, but is also focused on the future; the company introduced the Exactech GPS Guided Personalized Surgery at the Congress of the European Federation of National Associations of Orthopaedics and Traumatology. The system is the first advanced technology to provide real-time patient-specific solutions to total knee arthroplasty.
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