Bryce Mclean Sells 16,700 Shares of Pason Systems (TSE:PSI) Stock

Key Points

• Insider selling: Bryce Mclean sold 16,700 Pason Systems shares for approximately C$243,820, reducing his direct ownership by 65.35% to 8,853 shares. He also sold 2,777 shares the following day and 8,410 shares in May.
• Financial performance and dividend: Pason Systems reported quarterly revenue of C$100.78 million and EPS of C$0.18. The company pays an annualized dividend of C$0.52 per share, yielding about 3.6%, with an 83.87% payout ratio.
• Market and analyst outlook: Shares traded at C$14.52, while analysts maintain a consensus “Moderate Buy” rating and a C$15.83 price target. Recent ratings range from “Hold” to “Strong Buy.”

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Bryce Mclean sold 16,700 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of C$14.60, for a total value of C$243,820.00. Following the completion of the sale, the insider directly owned 8,853 shares of the company's stock, valued at approximately C$129,253.80. This represents a 65.35% decrease in their position.

Bryce Mclean also recently made the following trade(s):

• On Friday, August 14th, Bryce Mclean sold 2,777 shares of Pason Systems stock. The stock was sold at an average price of C$14.48, for a total value of C$40,210.96.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00.

Pason Systems Trading Down 0.3%

TSE:PSI traded down C$0.04 during trading hours on Monday, hitting C$14.52. The company had a trading volume of 97,622 shares, compared to its average volume of 246,015. Pason Systems Inc. has a 1 year low of C$11.09 and a 1 year high of C$15.47. The company has a market cap of C$1.13 billion, a P/E ratio of 23.42, a P/E/G ratio of 10.78 and a beta of 0.43. The company has a 50-day moving average of C$12.90 and a 200 day moving average of C$13.16. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The business had revenue of C$100.78 million for the quarter. Sell-side analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems's dividend payout ratio (DPR) is presently 83.87%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD decreased their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating on the stock in a report on Monday, July 13th. TD Securities upgraded shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Pason Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.83.

Pason Systems Company Profile

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.

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