Jamieson Wellness (TSE:JWEL) Trading Down 0.2% – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL) shares traded down 0.2% during trading on Thursday . The company traded as low as C$33.95 and last traded at C$34.18. 63,896 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 39,977 shares. The stock had previously closed at C$34.25.

Analysts Set New Price Targets

Several equities research analysts have issued reports on JWEL shares. BMO Capital Markets raised their target price on Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. National Bankshares raised their price objective on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. Royal Bank of Canada upped their target price on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. Finally, TD Securities lifted their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Jamieson Wellness Stock Performance

The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 38.43 and a beta of 0.63. The firm has a 50-day simple moving average of C$36.02 and a two-hundred day simple moving average of C$34.23.

Jamieson Wellness Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.21 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. Jamieson Wellness’s payout ratio is 97.67%.

Insider Buying and Selling

In other news, Senior Officer Regan Stewart sold 1,637 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$35.67, for a total transaction of C$58,384.75. Insiders have sold a total of 11,237 shares of company stock valued at $407,455 in the last ninety days. Company insiders own 0.26% of the company’s stock.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.