Insider Buying: Melcor Developments (TSE:MRD) Director Buys 3,800 Shares of Company Stock

Melcor Developments Ltd. (TSE:MRD) Director Andrew John Melton purchased 3,800 shares of Melcor Developments stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of C$18.58 per share, with a total value of C$70,604.00. Following the transaction, the director owned 61,800 shares in the company, valued at C$1,148,244. The trade was a 6.55% increase in their ownership of the stock.

Andrew John Melton also recently made the following trade(s):

• On Friday, September 25th, Andrew John Melton purchased 100 shares of Melcor Developments stock. The shares were acquired at an average price of C$18.58 per share, with a total value of C$1,858.00.

Melcor Developments Stock Performance

Melcor Developments stock traded up C$0.10 during midday trading on Wednesday, hitting C$18.50. 6,998 shares of the company’s stock were exchanged, compared to its average volume of 8,274. The company has a debt-to-equity ratio of 37.81, a quick ratio of 2.65 and a current ratio of 5.10. The stock has a market cap of C$554.74 million, a price-to-earnings ratio of 6.17 and a beta of 0.46. Melcor Developments Ltd. has a 12-month low of C$14.18 and a 12-month high of C$19.47. The firm’s 50 day simple moving average is C$18.66 and its 200 day simple moving average is C$18.46.

Melcor Developments (TSE:MRD) last announced its earnings results on Thursday, August 13th. The company reported C$0.73 EPS for the quarter. Melcor Developments had a net margin of 24.75% and a return on equity of 7.14%. The business had revenue of C$61.99 million during the quarter. Equities research analysts predict that Melcor Developments Ltd. will post 2.3613596 EPS for the current year.

Melcor Developments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Melcor Developments’s dividend payout ratio (DPR) is presently 18.67%.

Melcor Developments Company Profile

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.