Insider Selling: Calian Group (TSE:CGY) Insider Sells C$520,413.12 in Stock

Calian Group Ltd. (TSE:CGY) insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the sale, the insider directly owned 22,266 shares of the company’s stock, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their ownership of the stock.

Calian Group Stock Up 2.0%

Shares of Calian Group stock opened at C$86.56 on Wednesday. The company has a market cap of C$987.74 million, a P/E ratio of 30.37, a PEG ratio of 2.50 and a beta of 0.92. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. Calian Group Ltd. has a one year low of C$37.70 and a one year high of C$86.59. The firm has a fifty day moving average of C$74.37 and a two-hundred day moving average of C$66.57.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. The company had revenue of C$228.70 million during the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. On average, analysts forecast that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Calian Group’s dividend payout ratio is presently 39.30%.

Analyst Upgrades and Downgrades

CGY has been the subject of a number of analyst reports. Canaccord Genuity Group increased their target price on Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Ventum Financial increased their target price on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Canadian Imperial Bank of Commerce increased their target price on Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Acumen Capital increased their target price on Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, ATB Cormark Capital Markets increased their target price on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$87.94.

About Calian Group

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.