Insider Selling: Pollard Banknote Limited (TSE:PBL) Senior Officer Sells C$166,500.00 in Stock

Pollard Banknote Limited (TSE:PBL) Senior Officer Jennifer Doris Westbury sold 4,500 shares of Pollard Banknote stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$37.00, for a total value of C$166,500.00.

Pollard Banknote Trading Down 3.5 %

Shares of Pollard Banknote stock opened at C$34.05 on Thursday. Pollard Banknote Limited has a 52-week low of C$22.63 and a 52-week high of C$37.75. The stock’s 50-day simple moving average is C$35.14 and its 200 day simple moving average is C$31.47. The stock has a market capitalization of C$918.33 million, a P/E ratio of 29.61 and a beta of 0.63. The company has a debt-to-equity ratio of 49.94, a quick ratio of 1.01 and a current ratio of 1.81.

Pollard Banknote Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.05 dividend. This is a boost from Pollard Banknote’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, March 27th. Pollard Banknote’s payout ratio is currently 17.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Acumen Capital lifted their target price on Pollard Banknote from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Canaccord Genuity Group lifted their target price on Pollard Banknote from C$37.00 to C$40.00 in a research note on Wednesday, March 6th. Cormark lifted their target price on Pollard Banknote from C$35.00 to C$38.00 in a research note on Thursday, January 4th. Finally, Raymond James lifted their target price on Pollard Banknote from C$37.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through Lotteries, Charitable Gaming, eGaming Systems, and Retail segments. It designs, manufactures, and distributes instant tickets, as well as offers related services.