Insider Selling: K-Bro Linen Inc. (TSE:KBL) Senior Officer Sells 7,000 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total transaction of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The stock was sold at an average price of C$39.75, for a total transaction of C$162,975.00.

K-Bro Linen Stock Up 0.1 %

TSE:KBL traded up C$0.02 on Tuesday, reaching C$38.55. 1,693 shares of the stock traded hands, compared to its average volume of 11,799. The company has a market capitalization of C$403.23 million, a price-to-earnings ratio of 23.80, a PEG ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. K-Bro Linen Inc. has a 12 month low of C$30.69 and a 12 month high of C$40.03. The company’s fifty day simple moving average is C$35.59 and its 200 day simple moving average is C$34.92.

K-Bro Linen Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

A number of equities analysts have recently commented on KBL shares. TD Securities increased their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Stifel Nicolaus raised their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.