Insider Buying: Vecima Networks Inc. (TSE:VCM) Insider Purchases 1,000 Shares of Stock

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of C$10.05 per share, for a total transaction of C$10,050.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Tuesday, June 10th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was acquired at an average cost of C$10.11 per share, with a total value of C$10,110.00.
• On Friday, June 6th, 684739 B.C. Ltd. acquired 1,000 shares of Vecima Networks stock. The shares were bought at an average price of C$10.09 per share, for a total transaction of C$10,092.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The stock was bought at an average price of C$10.00 per share, with a total value of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The shares were bought at an average cost of C$10.50 per share, for a total transaction of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. purchased 500 shares of Vecima Networks stock. The stock was bought at an average price of C$10.89 per share, with a total value of C$5,445.00.

Vecima Networks Trading Up 2.8%

VCM traded up C$0.28 during trading hours on Monday, reaching C$10.23. 700 shares of the company's stock traded hands, compared to its average volume of 4,799. Vecima Networks Inc. has a 52-week low of C$8.43 and a 52-week high of C$22.34. The firm has a 50-day moving average price of C$9.91 and a 200 day moving average price of C$12.04. The firm has a market capitalization of C$245.51 million, a PE ratio of 12.40 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 2.15%. Vecima Networks's dividend payout ratio is currently 26.68%.

Analyst Ratings Changes

Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.