Olympia Financial Group (TSE:OLY) Director Sells C$51,750.00 in Stock

Key Points

• Director Brian Ross Newman sold 500 Olympia Financial Group shares at C$103.50 each for total proceeds of C$51,750, reducing his holdings by 62.5% to 300 shares. He also sold 500 additional shares in two nearby transactions.
• Olympia shares fell to C$100.83, near the lower end of their 52-week range, with a market capitalization of approximately C$242.6 million.
• The company declared a monthly dividend of C$0.50 per share, implying an annualized yield of about 6.0%; an analyst maintained a Buy rating with a C$158.24 price target.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) Director Brian Ross Newman sold 500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$103.50, for a total value of C$51,750.00. Following the completion of the sale, the director owned 300 shares in the company, valued at approximately C$31,050. This trade represents a 62.50% decrease in their position.

Brian Ross Newman also recently made the following trade(s):

• On Tuesday, August 18th, Brian Ross Newman sold 200 shares of Olympia Financial Group stock. The shares were sold at an average price of C$104.25, for a total transaction of C$20,850.00.
• On Thursday, August 20th, Brian Ross Newman sold 300 shares of Olympia Financial Group stock. The shares were sold at an average price of C$104.00, for a total transaction of C$31,200.00.

Olympia Financial Group Stock Performance

Shares of TSE OLY traded down C$1.67 during mid-day trading on Friday, reaching C$100.83. 2,272 shares of the company were exchanged, compared to its average volume of 2,360. The stock has a market capitalization of C$242.60 million, a P/E ratio of 13.27 and a beta of -0.00. The company has a quick ratio of 1.59, a current ratio of 57.49 and a debt-to-equity ratio of 22.31. The company's 50-day simple moving average is C$104.77 and its 200-day simple moving average is C$113.35. Olympia Financial Group Inc. has a twelve month low of C$98.00 and a twelve month high of C$133.60.

Olympia Financial Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 20th. This represents a c) annualized dividend and a yield of 6.0%. Olympia Financial Group's dividend payout ratio (DPR) is 92.11%.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$158.24 price target on Olympia Financial Group and gave the stock a "buy" rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$158.24.

Olympia Financial Group Company Profile

Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source