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

Crawford & Company (NYSE:CRD.B - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $10.52, but opened at $10.04. Crawford & Company shares last traded at $10.45, with a volume of 139 shares changing hands.

Crawford & Company Trading Down 3.3%

The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.30 and a current ratio of 1.30. The business has a fifty day simple moving average of $10.27 and a 200 day simple moving average of $10.81. The stock has a market capitalization of $518.63 million, a price-to-earnings ratio of 17.48 and a beta of 0.77.

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, beating analysts' consensus estimates of $0.20 by $0.01. Crawford & Company had a return on equity of 27.77% and a net margin of 2.25%. The firm had revenue of $312.03 million for the quarter, compared to analyst estimates of $321.90 million. As a group, research analysts expect that Crawford & Company will post 0.83 EPS for the current year.

Crawford & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Friday, May 23rd. Crawford & Company's dividend payout ratio is 46.67%.

Insider Buying and Selling

In other Crawford & Company news, SVP Tami E. Stevenson sold 4,900 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $10.21, for a total value of $50,029.00. Following the transaction, the senior vice president directly owned 26,282 shares of the company's stock, valued at $268,339.22. This represents a 15.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 51.04% of the stock is currently owned by corporate insiders.

About Crawford & Company

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.