CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang Sells 50,000 Shares

CI Financial Corp. (TSE:CIX - Get Free Report) Director Brigette Elizabeth Chang sold 50,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$31.41, for a total transaction of C$1,570,465.00.

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

• 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 Trading Down 0.2%

TSE CIX traded down C$0.06 during trading hours on Thursday, hitting C$31.42. 26,960 shares of the company were exchanged, compared to its average volume of 631,701. The stock has a 50-day moving average price of C$31.27 and a 200 day moving average price of C$30.68. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. CI Financial Corp. has a 52 week low of C$13.87 and a 52 week high of C$31.65. The stock has a market cap of C$4.53 billion, a PE ratio of -65.50, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

CI Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Monday, March 31st. CI Financial's dividend payout ratio is currently -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.