Shares of CI Financial Corp. (TSE:CIX - Get Free Report) 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 0.1%
The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The stock's 50-day moving average price is C$31.42 and its two-hundred day moving average price is C$31.23. The stock has a market capitalization of C$4.56 billion, a PE ratio of -65.92, a P/E/G ratio of 0.04 and a beta of 1.67.
CI Financial Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. 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 is -166.77%.
Insider Transactions at CI Financial
In other CI Financial news, Director Brigette Elizabeth Chang sold 340,000 shares of CI Financial stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of C$31.20, for a total value of C$10,608,000.00. Also, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total transaction of C$503,360.00. Insiders have sold a total of 577,500 shares of company stock valued at $18,062,313 in the last ninety days. 15.83% of the stock is currently owned by corporate insiders.
CI Financial Company Profile
(
Get Free Report)
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.
Further Reading
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