Crawford & Company (NYSE:CRD.B) Shares Gap Down - Time to Sell?

Crawford & Company (NYSE:CRD.B - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.75, but opened at $10.12. Crawford & Company shares last traded at $10.66, with a volume of 609 shares.

Crawford & Company Price Performance

The stock has a market cap of $523.47 million, a P/E ratio of 26.63 and a beta of 0.77. The firm has a 50 day moving average price of $10.52 and a 200 day moving average price of $11.08. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $312.03 million during the quarter, compared to analysts' expectations of $321.90 million. Crawford & Company had a return on equity of 22.34% and a net margin of 1.55%. On average, analysts forecast that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.28 annualized dividend and a yield of 2.65%. Crawford & Company's dividend payout ratio (DPR) is presently 46.67%.

Insider Transactions at Crawford & Company

In related news, EVP Andrew John Bart sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $10.30, for a total transaction of $206,000.00. Following the sale, the executive vice president now owns 126,587 shares of the company's stock, valued at $1,303,846.10. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tami E. Stevenson sold 4,550 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $10.92, for a total value of $49,686.00. Following the sale, the senior vice president now directly owns 31,182 shares in the company, valued at approximately $340,507.44. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,309 shares of company stock worth $408,907 in the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.