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 company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 212,747 shares of the company’s stock, valued at C$1,450,934.54. This trade 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 Up 0.6%

RSI traded up C$0.04 during trading hours on Wednesday, hitting C$6.81. 306,002 shares of the company’s stock were exchanged, compared to its average volume of 291,835. Rogers Sugar Inc. has a 1-year low of C$5.56 and a 1-year high of C$6.87. The stock’s 50-day moving average is C$6.61 and its two-hundred day moving average is C$6.38. The stock has a market cap of C$873.49 million, a price-to-earnings ratio of 12.85 and a beta of 0.78. The company has a quick ratio of 0.56, a current ratio of 2.22 and a debt-to-equity ratio of 88.50.

Rogers Sugar (TSE:RSI) last announced its earnings results on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. The business had revenue of C$280.62 million during the quarter. Sell-side analysts predict that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors 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 yield of 5.3%. Rogers Sugar’s dividend payout ratio is presently 67.92%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RSI. Scotiabank cut shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and reduced their target price for the stock from C$6.50 to C$6.00 in a report on Friday, February 6th. TD Securities upgraded shares of Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.