Crawford & Company (NYSE:CRD.B) Shares Gap Down - Here's Why

Crawford & Company (NYSE:CRD.B - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.11, but opened at $9.50. Crawford & Company shares last traded at $10.16, with a volume of 141 shares traded.

Crawford & Company Stock Performance

The company's 50-day moving average price is $10.25 and its 200 day moving average price is $10.92. The stock has a market capitalization of $464.13 million, a PE ratio of 23.46 and a beta of 0.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $312.03 million during the quarter, compared to analyst estimates of $321.90 million. Crawford & Company had a net margin of 1.55% and a return on equity of 22.34%. On average, equities research analysts expect that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Crawford & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.28 annualized dividend and a dividend yield of 2.98%. Crawford & Company's dividend payout ratio is presently 46.67%.

Insider Buying and Selling

In other news, CFO William B. Swain, Jr. sold 9,659 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $10.85, for a total transaction of $104,800.15. Following the sale, the chief financial officer now owns 319,331 shares in the company, valued at $3,464,741.35. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tami E. Stevenson sold 4,550 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $10.92, for a total transaction of $49,686.00. Following the sale, the senior vice president now directly owns 31,182 shares of the company's stock, valued at $340,507.44. This trade represents a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,109 shares of company stock valued at $204,515 over the last ninety days. Company insiders own 51.04% of the company's stock.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.