Pason Systems (TSE:PSI) Insider Bryce Mclean Sells 16,700 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 16,700 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.60, for a total transaction of C$243,820.00. Following the transaction, the insider directly owned 8,853 shares of the company’s stock, valued at C$129,253.80. The trade was a 65.35% decrease in their ownership of the stock.

Bryce Mclean also recently made the following trade(s):

• On Friday, August 14th, Bryce Mclean sold 2,777 shares of Pason Systems stock. The shares were sold at an average price of C$14.48, for a total transaction of C$40,210.96.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Stock Performance

TSE PSI opened at C$14.55 on Tuesday. Pason Systems Inc. has a twelve month low of C$11.09 and a twelve month high of C$15.47. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. The stock has a market cap of C$1.13 billion, a P/E ratio of 23.47, a PEG ratio of 10.78 and a beta of 0.43. The company’s 50-day simple moving average is C$12.91 and its 200 day simple moving average is C$13.17.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The firm had revenue of C$100.78 million during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. As a group, research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is 83.87%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PSI shares. Royal Bank Of Canada upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. TD reduced their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Finally, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Pason Systems currently has an average rating of “Moderate Buy” and an average target price of C$15.83.

Pason Systems News Summary

Here are the key news stories impacting Pason Systems this week:

• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
• Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
• Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
• Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
• Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
• Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.