Marc Murnaghan Sells 20,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total transaction of C$251,200.00. Following the transaction, the director directly owned 488,501 shares of the company’s stock, valued at C$6,135,572.56. The trade was a 3.93% decrease in their ownership of the stock.

Marc Murnaghan also recently made the following trade(s):

• On Friday, March 20th, Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock. The shares were bought at an average cost of C$12.14 per share, with a total value of C$60,700.00.
• On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The shares were sold at an average price of C$11.90, for a total transaction of C$119,000.00.

Polaris Renewable Energy Stock Performance

PIF opened at C$12.38 on Thursday. Polaris Renewable Energy Inc. has a fifty-two week low of C$11.40 and a fifty-two week high of C$14.20. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. The company has a fifty day moving average of C$12.52 and a 200 day moving average of C$12.27. The stock has a market capitalization of C$258.77 million, a price-to-earnings ratio of 37.52, a PEG ratio of 3.28 and a beta of 0.43.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. The business had revenue of C$27.48 million for the quarter. As a group, sell-side analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.8%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 181.82%.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered their price objective on shares of Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating for the company in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$19.63.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).