Clairvest Group (TSE:CVG) Sets New 52-Week High – Here’s What Happened

Shares of Clairvest Group Inc. (TSE:CVG) reached a new 52-week high during trading on Wednesday . The company traded as high as C$86.50 and last traded at C$86.50, with a volume of 1276 shares. The stock had previously closed at C$81.50.

Clairvest Group Stock Up 6.1%

The company has a current ratio of 19.89, a quick ratio of 2.73 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of C$1.16 billion, a PE ratio of 10.76 and a beta of 0.16. The firm has a 50-day moving average of C$77.25 and a two-hundred day moving average of C$75.14.

Clairvest Group (TSE:CVG) last posted its quarterly earnings results on Thursday, June 25th. The company reported C$4.56 earnings per share (EPS) for the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.The firm had revenue of C$99.50 million during the quarter.

Clairvest Group Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 24th were paid a $0.10 dividend. This represents a dividend yield of 13.0%. The ex-dividend date of this dividend was Friday, July 3rd. Clairvest Group’s payout ratio is currently 1.24%.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.