Insider Selling: CI Financial Corp. (TSE:CIX) Senior Officer Sells 16,000 Shares of Stock

CI Financial Corp. (TSE:CIX - Get Free Report) Senior Officer Edward Douglas Kelterborn sold 16,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$31.46, for a total transaction of C$503,360.00.

CI Financial Price Performance

Shares of CIX stock traded up C$0.03 during mid-day trading on Thursday, hitting C$31.53. The company had a trading volume of 253,931 shares, compared to its average volume of 622,749. The company has a market capitalization of C$4.54 billion, a P/E ratio of -65.73, a P/E/G ratio of 0.04 and a beta of 1.67. The stock's 50 day moving average price is C$31.30 and its 200-day moving average price is C$30.94. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. CI Financial Corp. has a 52-week low of C$13.87 and a 52-week high of C$31.65.

CI Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Monday, March 31st. CI Financial's dividend payout ratio (DPR) is -166.77%.

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.