CI Financial (TSE:CIX) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

CI Financial Corp. (TSE:CIX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.41 and traded as high as C$31.50. CI Financial shares last traded at C$31.40, with a volume of 812,392 shares traded.

CI Financial Trading Down 0.0%

The company has a 50 day moving average of C$31.26 and a two-hundred day moving average of C$30.67. The stock has a market capitalization of C$4.54 billion, a PE ratio of -65.62, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32.

CI Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, March 31st. CI Financial's dividend payout ratio is currently -166.77%.

Insiders Place Their Bets

In other news, Director Brigette Elizabeth Chang sold 340,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of C$31.20, for a total transaction of C$10,608,000.00. Over the last quarter, insiders sold 451,600 shares of company stock worth $14,100,085. Company insiders own 15.83% of the company's stock.

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.