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BURLINGTON, MA—Shadan Martha, a director at LeMaitre Vascular Inc . (NASDAQ:LMAT), executed a series of stock transactions on November 13, 2024, as reported in a recent SEC filing. Martha sold a total of 1,466 shares of common stock, amounting to $151,547. The shares were sold at prices ranging from $103.374 to $103.3765 per share.
In addition to the sales, Martha acquired 1,070 shares through the exercise of stock options at a price of $47.19 per share, totaling $50,493. These transactions left Martha with a remaining ownership of 1,304 shares of LeMaitre Vascular common stock.
In other recent news, LeMaitre Vascular reported a strong financial performance in their Q3 2024 earnings call. The company's sales increased by 16% and earnings per share rose by a significant 49%. This growth was driven by an uptick in sales of key products such as grafts, patches, and carotid shunts, and a 24% sales increase in the APAC region.
LeMaitre Vascular is also planning to expand its sales force and establish new international offices. The company is making regulatory progress, having received 15 of 22 MDR CE marks, with the remaining expected in 2025. For Q4, the company anticipates a gross margin of 68% and operating income of $13.3 million.
These recent developments include the company's active pursuit of larger acquisitions, focusing on strategic fit. However, regulatory delays for allograft devices in Germany and Ireland have pushed the expected launch to 2025 or 2026. Despite these challenges, the company's strong unit volume growth and improved gross margins indicate favorable market dynamics and opportunities for further growth.
InvestingPro Insights
LeMaitre Vascular Inc. (NASDAQ:LMAT) has been experiencing significant growth and investor interest, as evidenced by recent insider transactions and market performance. According to InvestingPro data, the company's stock has shown remarkable strength, with a 95.92% total return over the past year and an impressive 80.01% year-to-date return as of the latest available data.
This performance aligns with several InvestingPro Tips that highlight the company's financial health and market position. For instance, LeMaitre has raised its dividend for 14 consecutive years, demonstrating a commitment to shareholder returns. The company's strong financial position is further underscored by liquid assets exceeding short-term obligations and operating with a moderate level of debt.
However, investors should note that LMAT is trading at a high P/E ratio of 54.94, which suggests a premium valuation. This is consistent with the InvestingPro Tip indicating that the stock is trading at a high earnings multiple. Despite this, the company's revenue growth of 14.81% over the last twelve months and a robust EBITDA growth of 36.76% in the same period reflect strong operational performance.
The recent insider transaction by Director Shadan Martha, selling shares at prices over $103, occurred when the stock was trading near its 52-week high, as noted by another InvestingPro Tip. This could be seen as a sign of confidence in the company's current valuation.
For investors seeking a more comprehensive analysis, InvestingPro offers 18 additional tips for LMAT, providing a deeper understanding of the company's financial health and market position.
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