Johnny Ciampi Purchases 100,000 Shares of Diversified Royalty (TSE:DIV) Stock

Key Points

• Director Johnny Ciampi bought 100,000 Diversified Royalty shares at an average C$3.99, investing C$399,000 and increasing his holdings by 783.27% to 112,767 shares. He had sold 300,000 shares in two transactions at C$4.77 each in June.
• Diversified Royalty reported quarterly revenue of C$19.48 million and earnings of C$0.02 per share, while its stock recently traded at C$4.10. The company also announced a monthly dividend of C$0.0238, representing an approximately 7% annualized yield, though its payout ratio was 165.69%.
• Analysts maintain a consensus “Buy” rating with an average target price of C$5.25, compared with the recent share price of C$4.10.

Diversified Royalty Corp. (TSE:DIV - Get Free Report) Director Johnny Ciampi bought 100,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of C$3.99 per share, with a total value of C$399,000.00. Following the purchase, the director owned 112,767 shares of the company's stock, valued at C$449,940.33. The trade was a 783.27% increase in their ownership of the stock.

Johnny Ciampi also recently made the following trade(s):

• On Monday, June 8th, Johnny Ciampi sold 147,004 shares of Diversified Royalty stock. The stock was sold at an average price of C$4.77, for a total transaction of C$701,209.08.
• On Monday, June 8th, Johnny Ciampi sold 152,996 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total transaction of C$729,790.92.

Diversified Royalty Stock Up 0.2%

Shares of TSE DIV traded up C$0.01 during mid-day trading on Wednesday, reaching C$4.10. The company had a trading volume of 627,617 shares, compared to its average volume of 472,810. The firm has a 50 day simple moving average of C$4.61 and a two-hundred day simple moving average of C$4.39. Diversified Royalty Corp. has a 52-week low of C$3.37 and a 52-week high of C$4.98. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. The stock has a market cap of C$766.90 million, a P/E ratio of 24.12 and a beta of 1.11.

Diversified Royalty (TSE:DIV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share for the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. The firm had revenue of C$19.48 million during the quarter. Sell-side analysts predict that Diversified Royalty Corp. will post 0.2 earnings per share for the current year.

Diversified Royalty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be given a $0.0238 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. Diversified Royalty's dividend payout ratio is 165.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group boosted their price objective on Diversified Royalty from C$4.75 to C$5.50 and gave the company a "buy" rating in a research note on Wednesday, May 20th. ATB Cormark Capital Markets cut their target price on shares of Diversified Royalty from C$7.25 to C$7.00 and set an "outperform" rating on the stock in a report on Friday, August 14th. Raymond James Financial upped their price target on shares of Diversified Royalty from C$4.70 to C$5.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. Finally, Desjardins decreased their price target on shares of Diversified Royalty from C$5.00 to C$4.75 and set a "buy" rating for the company in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$5.25.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company's operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.

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