CI Financial Corp. (TSE:CIX) Director Sells C$1,574,020.00 in Stock

CI Financial Corp. (TSE:CIX - Get Free Report) Director Brigette Elizabeth Chang sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$31.48, for a total transaction of C$1,574,020.00.

Brigette Elizabeth Chang also recently made the following trade(s):

• On Friday, May 23rd, Brigette Elizabeth Chang sold 50,000 shares of CI Financial stock. The shares were sold at an average price of C$31.41, for a total transaction of C$1,570,465.00.
• On Thursday, April 17th, Brigette Elizabeth Chang sold 60,100 shares of CI Financial stock. The shares were sold at an average price of C$31.20, for a total transaction of C$1,875,120.00.
• On Tuesday, April 15th, Brigette Elizabeth Chang sold 340,000 shares of CI Financial stock. The shares were sold at an average price of C$31.20, for a total transaction of C$10,608,000.00.
• On Wednesday, April 9th, Brigette Elizabeth Chang sold 1,500 shares of CI Financial stock. The shares were sold at an average price of C$31.00, for a total transaction of C$46,500.00.

CI Financial Price Performance

Shares of CI Financial stock traded down C$0.02 during midday trading on Friday, reaching C$31.44. The company had a trading volume of 526,553 shares, compared to its average volume of 628,596. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88. The company has a market capitalization of C$4.53 billion, a price-to-earnings ratio of -65.54, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67. The stock has a fifty day simple moving average of C$31.28 and a 200 day simple moving average of C$30.74. CI Financial Corp. has a 1-year low of C$13.87 and a 1-year high of C$31.65.

CI Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, March 31st. CI Financial's dividend payout ratio (DPR) is presently -166.77%.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.