Insider Selling: Calian Group Ltd. (TSE:CGY) Director Sells 4,000 Shares of Stock

Calian Group Ltd. (TSE:CGY) Director Raymond Gregory Basler sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of C$56.20, for a total value of C$224,800.00.

Calian Group Price Performance

TSE:CGY traded up C$0.10 during trading hours on Friday, reaching C$56.25. The stock had a trading volume of 14,778 shares, compared to its average volume of 7,584. The company has a debt-to-equity ratio of 32.06, a quick ratio of 1.20 and a current ratio of 1.30. Calian Group Ltd. has a 52 week low of C$46.27 and a 52 week high of C$64.88. The company has a 50 day moving average price of C$55.66 and a two-hundred day moving average price of C$56.68. The stock has a market capitalization of C$666.56 million, a PE ratio of 33.03, a PEG ratio of 2.50 and a beta of 0.93.

Calian Group (TSE:CGY) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). The firm had revenue of C$201.27 million during the quarter, compared to the consensus estimate of C$194.97 million. Calian Group had a return on equity of 6.22% and a net margin of 2.80%. As a group, sell-side analysts anticipate that Calian Group Ltd. will post 4.6162117 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, May 28th. Calian Group’s dividend payout ratio (DPR) is 65.88%.

Analyst Ratings Changes

Several research analysts have recently commented on CGY shares. Royal Bank of Canada raised their price objective on Calian Group from C$72.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Echelon Wealth Partners reissued a “buy” rating on shares of Calian Group in a research note on Thursday, March 21st. Cormark lifted their target price on Calian Group from C$73.00 to C$74.00 in a research note on Friday, May 17th. CIBC lifted their target price on Calian Group from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Finally, Acumen Capital lifted their target price on Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$78.14.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.