Insider Selling: Vecima Networks (TSE:VCM) Insider Sells C$74,250.00 in Stock

Key Points

• Vecima Networks insider Colin Howlett sold 5,500 shares at an average C$13.50, generating C$74,250 and reducing his direct ownership by 25.39% to 16,158 shares.
• Howlett also reported three other recent sales, bringing his disclosed selling over the period to 11,700 shares worth approximately C$157,905.
• Vecima shares fell 1.0% to C$13.42, while the company reported quarterly revenue of C$85.33 million and declared a quarterly dividend of C$0.055 per share, implying a 1.6% yield.

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider Colin Howlett sold 5,500 shares of the company's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of C$13.50, for a total transaction of C$74,250.00. Following the completion of the transaction, the insider directly owned 16,158 shares of the company's stock, valued at approximately C$218,133. The trade was a 25.39% decrease in their ownership of the stock.

Colin Howlett also recently made the following trade(s):

• On Tuesday, October 13th, Colin Howlett sold 300 shares of Vecima Networks stock. The shares were sold at an average price of C$13.50, for a total value of C$4,050.00.
• On Wednesday, October 14th, Colin Howlett sold 4,500 shares of Vecima Networks stock. The stock was sold at an average price of C$13.49, for a total value of C$60,705.00.
• On Friday, October 9th, Colin Howlett sold 1,400 shares of Vecima Networks stock. The stock was sold at an average price of C$13.50, for a total value of C$18,900.00.

Vecima Networks Stock Down 1.0%

VCM traded down C$0.14 on Monday, reaching C$13.42. The company's stock had a trading volume of 883 shares, compared to its average volume of 4,903. The stock has a market cap of C$326.31 million, a price-to-earnings ratio of 103.23 and a beta of 0.40. Vecima Networks Inc. has a 1 year low of C$9.31 and a 1 year high of C$14.49. The company has a debt-to-equity ratio of 22.55, a current ratio of 1.71 and a quick ratio of 0.83. The business's 50 day moving average is C$12.61 and its 200 day moving average is C$12.96.

Vecima Networks (TSE:VCM - Get Free Report) last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.21 earnings per share for the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. The firm had revenue of C$85.33 million during the quarter. As a group, research analysts forecast that Vecima Networks Inc. will post 1.18 EPS for the current fiscal year.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 9th will be paid a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 16th. Vecima Networks's payout ratio is 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc TSX: VCM builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima's platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.