Insider Selling: Camden National Co. (CAC) EVP Sells $106,610.40 in Stock

Camden National Co. (NASDAQ:CAC) EVP Edmund M. Hayden sold 2,340 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.56, for a total value of $106,610.40. Following the completion of the transaction, the executive vice president now owns 7,958 shares of the company’s stock, valued at approximately $362,566.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Camden National Co. (NASDAQ:CAC) traded down $0.18 during trading on Thursday, reaching $44.44. The company had a trading volume of 17,000 shares, compared to its average volume of 41,142. The stock has a market capitalization of $692.33, a PE ratio of 16.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79. Camden National Co. has a 12 month low of $37.10 and a 12 month high of $47.41.

Several research analysts have recently weighed in on the company. BidaskClub cut Camden National from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Keefe, Bruyette & Woods cut Camden National from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st.

A number of institutional investors have recently bought and sold shares of CAC. BNP Paribas Arbitrage SA increased its position in Camden National by 479.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,936 shares during the last quarter. Atlantic Trust LLC purchased a new stake in Camden National during the second quarter valued at $136,000. Legal & General Group Plc increased its position in Camden National by 4.2% during the second quarter. Legal & General Group Plc now owns 3,817 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 153 shares during the last quarter. Citigroup Inc. increased its position in Camden National by 696.7% during the second quarter. Citigroup Inc. now owns 4,772 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 4,173 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Camden National during the third quarter valued at $208,000. Institutional investors own 63.44% of the company’s stock.

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About Camden National

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.

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