MCAN Mortgage (TSE:MKP) Stock: Insider Emily Anne Randle Acquires 5,900 Shares

MCAN Mortgage Co. (TSE:MKP) Director Emily Anne Randle bought 5,900 shares of the stock in a transaction dated Thursday, September 24th. The stock was bought at an average cost of C$21.22 per share, for a total transaction of C$125,198.00. Following the acquisition, the director directly owned 5,900 shares of the company’s stock, valued at approximately C$125,198. This represents a ∞ increase in their position.

MCAN Mortgage Price Performance

MKP traded down C$0.13 during trading on Friday, hitting C$21.05. 107,012 shares of the company traded hands, compared to its average volume of 66,318. The company has a current ratio of 6.22, a quick ratio of 1.97 and a debt-to-equity ratio of 555.10. The company has a market cap of C$861.24 million, a PE ratio of 9.98 and a beta of 0.81. The stock’s 50-day simple moving average is C$22.74 and its two-hundred day simple moving average is C$23.81. MCAN Mortgage Co. has a 1 year low of C$20.26 and a 1 year high of C$26.68.

MCAN Mortgage (TSE:MKP) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.59 earnings per share (EPS) for the quarter. The business had revenue of C$43.34 million for the quarter. MCAN Mortgage had a return on equity of 13.08% and a net margin of 26.55%. As a group, sell-side analysts anticipate that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$27.00 price objective on shares of MCAN Mortgage and gave the stock an “outperform” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, MCAN Mortgage currently has a consensus rating of “Moderate Buy” and an average price target of C$24.67.

About MCAN Mortgage

MCAN Mortgage Corporation d/b/a MCAN Financial Group is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a Mortgage Investment Corporation (“MIC”) under the Income Tax Act (Canada). MCAN is the largest MIC in Canada and the only federally regulated MIC that issues term deposits eligible for Canada Deposit Insurance Corporation deposit insurance. MCAN’s primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction, and commercial loans, as well as other types of securities, loans, and real estate investments.