Element Fleet Management (TSE:EFN) Insider Jose Manuel Tamayo Buys 2,343 Shares

Key Points

• Insider purchase: Jose Manuel Tamayo bought 2,343 Element Fleet Management shares at an average price of C$24.75, investing approximately C$57,989 and increasing his holdings by 156.1% to 3,844 shares.
• Stock performance: Shares rose 0.6% to C$24.94, but remained near their one-year low of C$24.55 and below both their 50-day and 200-day moving averages.
• Financial and dividend update: Element reported quarterly EPS of C$0.48 on revenue of C$451.94 million and maintains a quarterly dividend of C$0.15, equivalent to a 2.4% annual yield.

Element Fleet Management Corp. (TSE:EFN - Get Free Report) insider Jose Manuel Tamayo bought 2,343 shares of the stock in a transaction on Wednesday, September 16th. The stock was purchased at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the acquisition, the insider owned 3,844 shares in the company, valued at approximately C$95,139. This represents a 156.10% increase in their ownership of the stock.

Element Fleet Management Trading Up 0.6%

Element Fleet Management stock traded up C$0.14 during trading hours on Thursday, hitting C$24.94. The stock had a trading volume of 680,817 shares, compared to its average volume of 1,017,224. The business's 50 day simple moving average is C$28.49 and its 200-day simple moving average is C$29.32. Element Fleet Management Corp. has a one year low of C$24.55 and a one year high of C$38.26. The stock has a market cap of C$9.76 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.97 and a beta of 0.46. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23.

Element Fleet Management (TSE:EFN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share for the quarter. The company had revenue of C$451.94 million for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%. On average, equities analysts predict that Element Fleet Management Corp. will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Element Fleet Management's dividend payout ratio is 54.26%.

About Element Fleet Management

Element Fleet Management TSX: EFN is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.

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