Insider Buying: Canadian General Investments (TSE:CGI) Director Purchases C$38,437.50 in Stock

Canadian General Investments (TSE:CGI) Director Clive William Robinson acquired 750 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were bought at an average price of C$51.25 per share, with a total value of C$38,437.50. Following the transaction, the director directly owned 7,500 shares in the company, valued at approximately C$384,375. The trade was a 11.11% increase in their position.

Canadian General Investments Trading Up 0.6%

Shares of CGI opened at C$50.90 on Thursday. The business’s 50-day moving average price is C$52.04 and its 200 day moving average price is C$50.26. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 4.10 and a beta of 1.12. Canadian General Investments has a 1-year low of C$39.51 and a 1-year high of C$54.29. The company has a current ratio of 9.42, a quick ratio of 7.44 and a debt-to-equity ratio of 11.89.

Canadian General Investments Company Profile

A closed-end equity fund focused on medium to long-term capital appreciation and dividends in Canadian corporations. The Manager utilizes a bottom-up investment strategy in an effort to achieve the Corporations investment objectives. With this type of investment strategy, the Manager first seeks individual companies with attractive investment potential, then proceeds to consider the larger industry, economic and global trends affecting those companies. The Manager attempts to mitigate market risk by maintaining a well-diversified portfolio of primarily publicly-listed Canadian equities with individual positions generally not exceeding 5 percent of the total investment portfolio.