Insider Buying: Vecima Networks Inc. (TSE:VCM) Insider Acquires 1,000 Shares of Stock

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of C$10.11 per share, for a total transaction of C$10,110.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Friday, June 6th, 684739 B.C. Ltd. acquired 1,000 shares of Vecima Networks stock. The stock was acquired at an average cost of C$10.09 per share, for a total transaction of C$10,092.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The stock was acquired at an average cost of C$10.00 per share, with a total value of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was acquired at an average price of C$10.50 per share, with a total value of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The shares were acquired at an average cost of C$10.89 per share, for a total transaction of C$5,445.00.

Vecima Networks Stock Performance

VCM stock traded down C$0.01 during trading on Thursday, reaching C$10.09. The stock had a trading volume of 3,600 shares, compared to its average volume of 4,864. The firm has a market cap of C$242.15 million, a PE ratio of 12.23 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The stock's 50 day moving average is C$9.86 and its two-hundred day moving average is C$12.21. Vecima Networks Inc. has a 52 week low of C$8.43 and a 52 week high of C$22.34.

Vecima Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 30th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, May 30th. Vecima Networks's dividend payout ratio (DPR) is presently 26.68%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VCM shares. Raymond James decreased their target price on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, May 20th.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.