CI Financial (TSE:CIX) Sets New 1-Year High - What's Next?

CI Financial Corp. (TSE:CIX - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$31.65 and last traded at C$31.62, with a volume of 39763 shares changing hands. The stock had previously closed at C$31.58.

CI Financial Stock Up 0.0%

The company has a market capitalization of C$4.56 billion, a PE ratio of -65.94, a PEG ratio of 0.04 and a beta of 1.67. 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 business has a fifty day moving average of C$31.45 and a 200 day moving average of C$31.24.

CI Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, March 31st. CI Financial's dividend payout ratio (DPR) is currently -166.77%.

Insider Buying and Selling

In related news, Director Brigette Elizabeth Chang sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of C$31.00, for a total transaction of C$46,500.00. Also, Director Paul Perrow sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$31.47, for a total transaction of C$629,414.00. Insiders have sold a total of 577,500 shares of company stock valued at $18,062,313 in the last ninety days. Company insiders own 15.83% of the company's stock.

About CI Financial

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.