Celine Boston Sells 11,250 Shares of Pason Systems (TSE:PSI) Stock

Key Points

• Celine Boston, an insider at Pason Systems, sold 11,250 shares for C$133,537.50, significantly reducing her stake by 85.60% to just 1,893 shares.
• Pason Systems announced a quarterly dividend of $0.13 per share, with an annualized yield of 4.4%, reflecting a payout ratio of 55.91%.
• Analysts have downgraded the stock from a "buy" to a "hold" rating, setting a new target price of C$13.00, with a consensus rating of "Hold" overall.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Celine Boston sold 11,250 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of C$11.87, for a total value of C$133,537.50. Following the completion of the transaction, the insider owned 1,893 shares in the company, valued at approximately C$22,469.91. This trade represents a 85.60% decrease in their position.

Celine Boston also recently made the following trade(s):

• On Monday, September 15th, Celine Boston sold 1,500 shares of Pason Systems stock. The stock was sold at an average price of C$11.85, for a total value of C$17,775.00.

Pason Systems Stock Down 0.2%

Shares of TSE:PSI traded down C$0.02 during trading on Monday, hitting C$11.96. The company's stock had a trading volume of 147,366 shares, compared to its average volume of 172,740. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59. Pason Systems Inc. has a fifty-two week low of C$10.43 and a fifty-two week high of C$15.47. The stock's 50-day moving average price is C$11.75 and its two-hundred day moving average price is C$12.01. The company has a market capitalization of C$933.54 million, a PE ratio of 12.86, a PEG ratio of 10.78 and a beta of 0.73.

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a $0.13 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. Pason Systems's payout ratio is 55.91%.

Analysts Set New Price Targets

Separately, TD Securities cut Pason Systems from a "buy" rating to a "hold" rating and set a C$13.00 price target on the stock. in a research note on Friday, July 18th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$16.63.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.