Intel stock spikes after report of possible US government stake
Raymond (NS:RYMD) E. Cabillot, a director and ten percent owner of Pro Dex Inc. (NASDAQ:PDEX), recently sold a significant number of shares in the company. The sale comes as Pro Dex shares have surged over 112% in the past year, with the company maintaining a market capitalization of $143 million. According to a Form 4 filing with the Securities and Exchange Commission, Cabillot, through Farnam Street Partners, L.P., executed multiple transactions on January 16 and 17, 2025.
The transactions involved the sale of 8,313 shares of Pro Dex Inc.'s common stock. The shares were sold at prices ranging from $44.24 to $45.18, totaling approximately $371,988. These sales were conducted under a Rule 10b5-1 trading plan, which was adopted by the reporting persons on September 20, 2024. According to InvestingPro analysis, Pro Dex currently trades at a P/E ratio of 29x and shows a GREAT financial health score, though the stock appears slightly overvalued based on Fair Value estimates.
Following these transactions, Cabillot, through Farnam Street Partners, L.P., holds 344,683 shares of Pro Dex Inc. The sales were part of a planned trading strategy and reflect Cabillot's ongoing management of his investment in the company. InvestingPro data reveals the company has achieved impressive returns, with shares up 122% over the past six months. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper analysis.
In other recent news, Pro-Dex (NASDAQ:PDEX), Inc. has announced several significant developments. Following a strong fiscal performance, Pro-Dex's Compensation Committee approved a $70,000 bonus for Chief Executive Officer Richard L. Van Kirk and a $50,000 bonus for Chief Financial Officer Alisha K. Charlton. These bonuses, disclosed in an SEC filing, were rewarded based on the company's performance during the first quarter of the fiscal year 2025 and other performance metrics.
In another development, Pro-Dex's shareholders recently held their 2024 Annual Meeting. They elected seven members to the board of directors and ratified the appointment of Moss Adams, LLP as the company's independent accounting firm for the upcoming fiscal year. The elected board members, who will serve until the 2025 Annual Meeting, include Raymond E. Cabillot, Angelita R. Domingo, William J. Farrell III, David C. Hovda, Katrina M.K. Philp, Nicholas J. Swenson, and Richard L. Van Kirk.
Additionally, shareholders approved, on a non-binding advisory basis, the compensation of the company's Named Executive Officers. The advisory vote received significant support in favor of the executive compensation package. These are recent developments, providing a glimpse into the company's activities and financial health.
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