Insider Buying: Eastern (NASDAQ:EML) Director Purchases 5,067 Shares of Stock

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Eastern (NASDAQ:EML) director James Mitarotonda recently purchased 5,067 shares of the company’s stock for approximately $92,675, increasing his total ownership to 640,000 shares. This insider buying follows a Q4 earnings miss and amidst weaker truck and automotive markets affecting revenue. Despite these challenges, the company declared a quarterly dividend of $0.11, and institutional investors hold about 77% of its shares.

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