Chesswood Group (TSE:CHW) Stock Passes Below Two Hundred Day Moving Average of $13.51

Chesswood Group Limited (TSE:CHWGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.51 and traded as low as C$11.85. Chesswood Group shares last traded at C$12.00, with a volume of 10,008 shares changing hands.

Wall Street Analyst Weigh In

CHW has been the subject of several research reports. Royal Bank of Canada lifted their target price on shares of Chesswood Group from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, May 17th. Cormark lifted their target price on shares of Chesswood Group from C$24.25 to C$25.00 in a report on Monday, May 16th.

Chesswood Group Price Performance

The company has a debt-to-equity ratio of 930.12, a quick ratio of 34.83 and a current ratio of 36.85. The company has a market cap of C$226.27 million and a PE ratio of 9.02. The company’s 50-day simple moving average is C$12.45 and its 200 day simple moving average is C$13.51.

Chesswood Group (TSE:CHWGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.07. The business had revenue of C$57.25 million during the quarter, compared to analysts’ expectations of C$55.65 million. On average, sell-side analysts predict that Chesswood Group Limited will post 2.6600001 earnings per share for the current fiscal year.

Chesswood Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.00%. Chesswood Group’s dividend payout ratio (DPR) is currently 27.07%.

Insider Transactions at Chesswood Group

In other news, Director Wayne M. Woolley sold 5,500 shares of Chesswood Group stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of C$14.63, for a total transaction of C$80,437.50. Following the completion of the sale, the director now directly owns 54,600 shares of the company’s stock, valued at approximately C$798,525. In related news, insider Comrev Investments Limited purchased 2,100 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of C$12.94 per share, for a total transaction of C$27,172.95. Following the purchase, the insider now directly owns 1,931,385 shares of the company’s stock, valued at C$24,991,156.21. Also, Director Wayne M. Woolley sold 5,500 shares of Chesswood Group stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of C$14.63, for a total transaction of C$80,437.50. Following the sale, the director now owns 54,600 shares in the company, valued at C$798,525. In the last three months, insiders sold 13,300 shares of company stock valued at $187,709.

Chesswood Group Company Profile

(Get Rating)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada.

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