Shares of CI Financial Corp. (TSE:CIX - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$31.23 and traded as high as C$31.59. CI Financial shares last traded at C$31.54, with a volume of 426,448 shares trading hands.
CI Financial Trading Up 0.1%
The stock has a 50 day moving average of C$31.42 and a 200-day moving average of C$31.23. The company has a market capitalization of C$4.55 billion, a P/E ratio of -65.88, a P/E/G 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.
CI Financial Cuts Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 31st. CI Financial's dividend payout ratio (DPR) is -166.77%.
Insider Buying and Selling
In other CI Financial news, Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$31.46, for a total value of C$503,360.00. Also, Director Brigette Elizabeth Chang sold 340,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of C$31.20, for a total transaction of C$10,608,000.00. Over the last 90 days, insiders sold 577,500 shares of company stock worth $18,062,313. 15.83% of the stock is 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.
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