Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Sells 10,000 Shares

Key Points

• Director Marc Murnaghan sold 10,000 shares on March 23 at C$11.90 for C$119,000, leaving him with 508,501 shares (a 1.93% reduction), after he had purchased 5,000 shares on March 20 at C$12.14.
• Polaris pays a C$0.15 quarterly dividend (C$0.60 annualized) for a 4.9% yield, though the dividend payout ratio is deeply negative at -461.54%, indicating dividends exceed reported earnings.
• Analysts maintain a "Buy" consensus with an average target of C$19.63 (recent targets C$18.25–C$21), while the stock trades around C$12.25 within a 52-week range of C$10.70–C$14.20.

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan sold 10,000 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of C$11.90, for a total transaction of C$119,000.00. Following the completion of the transaction, the director directly owned 508,501 shares in the company, valued at approximately C$6,051,161.90. This represents a 1.93% decrease in their ownership of the stock.

Marc Murnaghan also recently made the following trade(s):

• On Friday, March 20th, Marc Murnaghan purchased 5,000 shares of Polaris Renewable Energy stock. The shares were acquired at an average price of C$12.14 per share, for a total transaction of C$60,700.00.

Polaris Renewable Energy Price Performance

TSE PIF traded down C$0.07 during trading hours on Friday, hitting C$12.25. 23,832 shares of the company's stock traded hands, compared to its average volume of 43,541. The company has a market capitalization of C$255.96 million, a PE ratio of -94.23, a PEG ratio of 3.28 and a beta of 0.51. The company has a debt-to-equity ratio of 91.31, a current ratio of 5.25 and a quick ratio of 1.64. Polaris Renewable Energy Inc. has a 52-week low of C$10.70 and a 52-week high of C$14.20. The firm's 50-day moving average is C$12.20 and its 200-day moving average is C$12.55.

Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported C$0.39 earnings per share for the quarter. The business had revenue of C$25.57 million for the quarter. Polaris Renewable Energy had a negative net margin of 3.29% and a negative return on equity of 1.09%. Equities analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. Polaris Renewable Energy's dividend payout ratio (DPR) is presently -461.54%.

Analysts Set New Price Targets

PIF has been the subject of several analyst reports. Raymond James Financial dropped their target price on Polaris Renewable Energy from C$20.00 to C$18.25 and set an "outperform" rating for the company in a report on Friday, February 20th. National Bank Financial boosted their price target on shares of Polaris Renewable Energy from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Polaris Renewable Energy currently has an average rating of "Buy" and an average target price of C$19.63.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.

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