Insider Buying: Pollard Banknote (TSE:PBL) Insider Purchases 2,407 Shares of Stock

Key Points

• Insider Activity: Jeffrey Versterre, an insider at Pollard Banknote Limited, purchased 2,407 shares at an average price of C$20.93, totaling C$50,378.51, increasing his ownership significantly.
• Dividend Announcement: Pollard Banknote declared a quarterly dividend of $0.05 per share, translating to an annualized dividend of $0.20 and a yield of 1.0%.
• Analyst Ratings: Raymond James Financial reduced the price target for Pollard Banknote from C$39.00 to C$34.00, while the stock maintains a "Buy" rating and an average target price of C$35.50.

Pollard Banknote Limited (TSE:PBL - Get Free Report) insider Jeffrey Versterre bought 2,407 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of C$20.93 per share, for a total transaction of C$50,378.51. Following the completion of the transaction, the insider directly owned 2,407 shares of the company's stock, valued at C$50,378.51. This trade represents a ∞ increase in their ownership of the stock.

Pollard Banknote Price Performance

Shares of TSE PBL opened at C$19.22 on Friday. Pollard Banknote Limited has a 1-year low of C$17.19 and a 1-year high of C$29.89. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01. The business's fifty day moving average price is C$20.88 and its two-hundred day moving average price is C$20.76. The firm has a market capitalization of C$520.25 million, a PE ratio of 14.67 and a beta of 0.57.

Pollard Banknote Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 30th. Pollard Banknote's dividend payout ratio (DPR) is 15.27%.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their price target on Pollard Banknote from C$39.00 to C$34.00 in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Pollard Banknote has an average rating of "Buy" and an average target price of C$35.50.

Pollard Banknote Company Profile

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.

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