Rogers Sugar (TSE:RSI) Insider Sells 56,200 Shares of Stock

Key Points

• Insider Michael Walton sold 56,200 Rogers Sugar shares at an average C$6.81 per share, generating C$382,722 and reducing his ownership by 19.45% to 232,747 shares.
• Rogers Sugar shares rose C$0.04 to C$6.89, with a market capitalization of approximately C$885.7 million and a 52-week trading range of C$5.86 to C$7.16.
• The company pays an annualized C$0.36 dividend, yielding about 5.2%; analysts have a consensus “Reduce” rating and an average price target of C$6.75.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) insider Michael Walton sold 56,200 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$6.81, for a total transaction of C$382,722.00. Following the completion of the transaction, the insider owned 232,747 shares of the company's stock, valued at approximately C$1,585,007.07. The trade was a 19.45% decrease in their ownership of the stock.

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

• 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 transaction of C$25,916.00.
• On Thursday, September 3rd, Michael Walton sold 15,000 shares of Rogers Sugar stock. The stock was 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 stock was sold at an average price of C$6.80, for a total value of C$378,080.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total transaction of C$44,687.22.
• On Tuesday, September 1st, Michael Walton sold 11,500 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00.

Rogers Sugar Stock Performance

Shares of Rogers Sugar stock traded up C$0.04 on Friday, hitting C$6.89. The stock had a trading volume of 146,185 shares, compared to its average volume of 268,523. The stock has a market cap of C$885.67 million, a price-to-earnings ratio of 13.25 and a beta of 0.70. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. Rogers Sugar Inc. has a 52-week low of C$5.86 and a 52-week high of C$7.16. The company's 50 day moving average price is C$6.91 and its 200 day moving average price is C$6.75.

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

Rogers Sugar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.09 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.2%. Rogers Sugar's dividend payout ratio (DPR) is 69.23%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded Rogers Sugar to a "hold" rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of C$6.75.

About Rogers Sugar

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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