Rogers Sugar (TSE:RSI) Insider Michael Walton Sells 47,300 Shares of Stock

Key Points

• Insider Michael Walton sold 47,300 Rogers Sugar shares at an average price of C$6.88, generating C$325,424 and reducing his direct ownership by 15% to 267,947 shares. He also reported multiple additional sales in late August and early September.
• Rogers Sugar shares fell 1.6% to C$6.78, trading between a 52-week range of C$5.86 and C$7.16. The company has a market capitalization of approximately C$871.5 million and a P/E ratio of 13.04.
• The company reported quarterly earnings of C$0.13 per share on C$293.69 million in revenue and maintains a quarterly dividend of C$0.09 per share, equivalent to a 5.3% annualized yield.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) insider Michael Walton sold 47,300 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$6.88, for a total value of C$325,424.00. Following the sale, the insider directly owned 267,947 shares of the company's stock, valued at C$1,843,475.36. This represents a 15.00% decrease in their ownership of the stock.

Michael Walton also recently made the following trade(s):

• On Wednesday, September 9th, Michael Walton sold 12,700 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.89, for a total transaction of C$87,503.00.
• On Wednesday, September 9th, Michael Walton sold 23,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.87, for a total transaction of C$158,697.00.
• On Wednesday, September 9th, Michael Walton sold 16,900 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.85, for a total transaction of C$115,765.00.
• On Wednesday, September 9th, Michael Walton sold 5,300 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.86, for a total transaction of C$36,358.00.
• On Wednesday, September 9th, Michael Walton sold 7,200 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.85, for a total value of C$49,320.00.
• On Thursday, September 3rd, Michael Walton sold 3,800 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total value of C$25,916.00.
• On Thursday, September 3rd, Michael Walton sold 56,200 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total transaction of C$382,722.00.
• On Thursday, September 3rd, Michael Walton sold 15,000 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.85, for a total transaction of C$102,750.00.
• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total value of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.80, for a total transaction of C$378,080.00.

Rogers Sugar Stock Down 1.6%

Shares of RSI stock traded down C$0.11 during trading hours on Thursday, hitting C$6.78. 222,916 shares of the company were exchanged, compared to its average volume of 267,227. Rogers Sugar Inc. has a 52 week low of C$5.86 and a 52 week high of C$7.16. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. The business has a 50 day moving average of C$6.91 and a two-hundred day moving average of C$6.75. The company has a market capitalization of C$871.53 million, a PE ratio of 13.04 and a beta of 0.70.

Rogers Sugar (TSE:RSI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. The firm had revenue of C$293.69 million during the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. Analysts anticipate that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a yield of 5.3%. Rogers Sugar's dividend payout ratio is 69.23%.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic's sugar products are mainly marketed under the 'Lantic' trademark in Eastern Canada, and the 'Rogers' trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.

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