Pason Systems (TSE:PSI) Insider Sells C$40,210.96 in Stock

Key Points

• Insider selling: Bryce Mclean sold 2,777 Pason Systems shares for C$40,210.96, reducing his direct holdings by 22.85% to 9,376 shares. He also sold 16,700 shares the previous day and 8,410 shares in May.
• Latest performance: Pason Systems shares traded at C$14.52, while the company reported quarterly revenue of C$100.78 million and earnings of C$0.18 per share.
• Analyst view and dividend: Analysts maintain a “Moderate Buy” consensus with an average target of C$15.83. The company pays a quarterly dividend of C$0.13, equivalent to a 3.6% yield.

Pason Systems Inc. (TSE:PSI - Get Free Report) insider Bryce Mclean sold 2,777 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$14.48, for a total value of C$40,210.96. Following the transaction, the insider directly owned 9,376 shares in the company, valued at approximately C$135,764.48. This trade represents a 22.85% decrease in their position.

Bryce Mclean also recently made the following trade(s):

• On Thursday, August 13th, Bryce Mclean sold 16,700 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total value of C$243,820.00.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00.

Pason Systems Stock Performance

Shares of TSE PSI traded down C$0.04 during midday trading on Monday, hitting C$14.52. 97,622 shares of the company's stock were exchanged, compared to its average volume of 246,015. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51. The firm has a market capitalization of C$1.13 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The company's 50 day moving average price is C$12.90 and its 200 day moving average price is C$13.16.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The business had revenue of C$100.78 million for the quarter. As a group, analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems's payout ratio is currently 83.87%.

Analyst Ratings Changes

PSI has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. TD decreased their price target on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Finally, TD Securities raised shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$15.83.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.

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