Pason Systems (TSE:PSI) Insider Kevin Boston Sells 6,000 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.64, for a total value of C$87,840.00. Following the completion of the transaction, the insider directly owned 7,300 shares of the company’s stock, valued at C$106,872. The trade was a 45.11% decrease in their position.

Kevin Boston also recently made the following trade(s):

• On Friday, August 14th, Kevin Boston sold 2,714 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total value of C$40,004.36.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total value of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total value of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total value of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total transaction of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total transaction of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Stock Performance

TSE:PSI opened at C$14.55 on Tuesday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. The company has a fifty day moving average of C$12.91 and a two-hundred day moving average of C$13.17. The stock has a market capitalization of C$1.13 billion, a PE ratio of 23.47, a P/E/G ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47.

Pason Systems (TSE:PSI) last announced its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. The business had revenue of C$100.78 million for the quarter. As a group, research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Pason Systems’s dividend payout ratio (DPR) is currently 83.87%.

Analysts Set New Price Targets

PSI has been the subject of several research reports. Royal Bank Of Canada boosted their price objective on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, TD dropped their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.83.

Key Pason Systems News

Here are the key news stories impacting Pason Systems this week:

• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
• Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
• Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
• Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
• Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
• Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.