Chesswood Group Limited (TSE:CHW) Insider Comrev Investments Limited acquires 2,100 shares

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Chesswood Group Limited (TSE:CHW – Get Rating) insider Comrev Investments Limited acquired 2,100 shares of the company in a deal that took place on Monday, June 13. The stock was acquired at an average price of CA$12.94 per share, for a total transaction of CA$27,172.95. Following the completion of the acquisition, the insider now directly owns 1,931,385 shares of the company, valued at approximately C$24,991,156.21.

Shares of Chesswood Group traded lower C$0.74 during trading hours on Tuesday, hitting C$12.52. 26,125 shares of the company were traded, with an average volume of 11,553. Chesswood Group Limited has a 1-year low of C$10.94 and a 1-year high of C$15.25. The stock’s 50-day moving average is C$13.71 and its 200-day moving average is C$14.07. The company has a debt ratio of 930.12, a quick ratio of 34.83 and a current ratio of 36.85. The company has a market capitalization of C$236.08 million and a PE ratio of 9.50.

Chesswood Group (TSE:CHW – Get Rating) last released quarterly earnings data on Thursday, May 12. The company reported earnings per share of C$0.09 for the quarter, beating analyst consensus estimates of C$0.02 by C$0.07. The company posted revenue of C$57.25 million for the quarter, compared to analysts’ expectations of C$55.65 million. Research analysts expect Chesswood Group Limited to post earnings per share of 2.7799999 for the current year.

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The company also recently unveiled a monthly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 will receive a dividend of $0.04 per share. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Monday, May 30. Chesswood Group’s dividend payout ratio is currently 27.38%.

A number of research firms commented on CHW. Cormark raised its price target on Chesswood Group from C$24.25 to C$25.00 in a Monday, May 16 research note. Royal Bank of Canada raised its price target on Chesswood Group from C$15.00 to C$16.00 and gave the stock an “sector performance” rating in a Tuesday, May 17 research note . Finally, Raymond James set a CA$17.00 price target on Chesswood Group and gave the stock an “outperform” rating in a Thursday, March 10 research note.

About the Chesswood Group (Get an evaluation)

Chesswood Group Limited, a financial services company, operates primarily in the specialist financial sector. The Company offers micro- and small-note commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment financing brokerage firms and equipment sellers in the United States; and commercial equipment financing to small and medium-sized businesses through a network of approximately 60 equipment financing brokers across Canada.

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