Michael Walton Sells 18,400 Shares of Rogers Sugar (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 18,400 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$6.82, for a total transaction of C$125,488.00. Following the transaction, the insider owned 212,747 shares in the company, valued at C$1,450,934.54. This represents a 7.96% decrease in their position.

Michael Walton also recently made the following trade(s):

• On Wednesday, May 27th, Michael Walton sold 14,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$96,021.00.
• On Wednesday, May 27th, Michael Walton sold 15,500 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.82, for a total transaction of C$105,710.00.
• On Wednesday, May 27th, Michael Walton sold 10,000 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.82, for a total transaction of C$68,200.00.

Rogers Sugar Stock Performance

RSI traded up C$0.04 during trading on Wednesday, hitting C$6.81. The stock had a trading volume of 306,002 shares, compared to its average volume of 291,835. The firm has a market cap of C$873.49 million, a PE ratio of 12.85 and a beta of 0.78. Rogers Sugar Inc. has a 12 month low of C$5.56 and a 12 month high of C$6.87. The company has a current ratio of 2.22, a quick ratio of 0.56 and a debt-to-equity ratio of 88.50. The company has a 50 day simple moving average of C$6.61 and a 200-day simple moving average of C$6.38.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. The company had revenue of C$280.62 million for the quarter. Analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 5.3%. Rogers Sugar’s payout ratio is presently 67.92%.

Analysts Set New Price Targets

RSI has been the topic of several recent research reports. Scotiabank lowered shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and decreased their target price for the company from C$6.50 to C$6.00 in a research report on Friday, February 6th. TD Securities raised shares of Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.90.

About Rogers Sugar

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.