Insider Buying: StorageVault Canada Inc. (TSE:SVI) Insider Acquires 189,500 Shares of Stock

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider StorageVault Canada Inc. acquired 189,500 shares of the firm's stock in a transaction on Friday, May 30th. The stock was bought at an average price of C$4.15 per share, with a total value of C$786,425.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Wednesday, April 30th, StorageVault Canada Inc. bought 6,400 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.70 per share, with a total value of C$23,701.12.
• On Monday, March 31st, StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$3.95 per share, with a total value of C$98,742.50.

StorageVault Canada Price Performance

Shares of SVI remained flat at C$4.13 during trading hours on Thursday. The company had a trading volume of 88,322 shares, compared to its average volume of 364,947. StorageVault Canada Inc. has a one year low of C$3.53 and a one year high of C$5.26. The company has a market cap of C$1.52 billion, a price-to-earnings ratio of -30.06 and a beta of 0.89. The firm has a 50 day moving average price of C$3.84 and a two-hundred day moving average price of C$3.90.

StorageVault Canada Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.0029 per share. The ex-dividend date was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.28%. StorageVault Canada's dividend payout ratio is -7.28%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group upgraded StorageVault Canada from a "hold" rating to a "buy" rating and decreased their price objective for the stock from C$5.00 to C$4.50 in a report on Monday, February 24th. CIBC decreased their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a research note on Friday, April 25th. Raymond James raised their target price on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Royal Bank of Canada set a C$5.50 target price on shares of StorageVault Canada and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Desjardins decreased their target price on shares of StorageVault Canada from C$4.75 to C$4.25 and set a "hold" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$5.17.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.