Chesswood Group (TSE:CHW) Stock Price Passes Below 200-Day Moving Average of $13.51

Shares of Chesswood Group Limited (TSE:CHWGet Rating) passed 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Cormark increased their target price on shares of Chesswood Group from C$24.25 to C$25.00 in a research note on Monday, May 16th. Royal Bank of Canada increased their target price on shares of Chesswood Group from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 17th.

Chesswood Group Price Performance

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

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

Chesswood Group Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, July 28th. Chesswood Group’s dividend payout ratio is presently 27.07%.

Insider Activity at Chesswood Group

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

About Chesswood Group

(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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