Chesswood Group - CHW Stock Forecast, Price & News

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada. It also provides home improvement and other consumer financing solutions. The company was formerly known as Chesswood Income Fund and changed its name to Chesswood Group Limited in January 2011. Chesswood Group Limited was founded in 1982 and is headquartered in Toronto, Canada.

Chesswood Group Price Performance

Shares of Chesswood Group stock traded up C$0.05 during trading hours on Tuesday, reaching C$12.65. 3,908 shares of the company's stock were exchanged, compared to its average volume of 10,132. The business has a fifty day moving average of C$12.42 and a two-hundred day moving average of C$13.50. The company has a quick ratio of 33.00, a current ratio of 34.84 and a debt-to-equity ratio of 948.35. The company has a market capitalization of C$238.53 million and a P/E ratio of 9.47. Chesswood Group has a 1 year low of C$10.95 and a 1 year high of C$15.25.

Chesswood Group (TSE:CHW - Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.07. The business had revenue of C$57.25 million for the quarter, compared to analysts' expectations of C$55.65 million. As a group, research analysts predict that Chesswood Group will post 2.6600001 earnings per share for the current fiscal year.

Chesswood Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.79%. Chesswood Group's payout ratio is 27.07%.

Analyst Ratings Changes

Several equities research analysts recently commented on CHW shares. Cormark boosted their price target on shares of Chesswood Group from C$24.25 to C$25.00 in a report on Monday, May 16th. Raymond James upped their price target on shares of Chesswood Group from C$17.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price objective on Chesswood Group from C$15.00 to C$16.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 17th.

Insiders Place Their Bets

In related news, insider Comrev Investments Limited bought 2,100 shares of the business's stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of C$12.94 per share, with a total value of C$27,172.95. Following the purchase, the insider now directly owns 1,931,385 shares of the company's stock, valued at C$24,991,156.21. In other news, Director Robert Day sold 3,000 shares of Chesswood Group stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of C$13.90, for a total transaction of C$41,700.00. Following the sale, the director now owns 33,560 shares of the company's stock, valued at approximately C$466,484. Also, insider Comrev Investments Limited acquired 2,100 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of C$12.94 per share, with a total value of C$27,172.95. Following the completion of the transaction, the insider now directly owns 1,931,385 shares of the company's stock, valued at approximately C$24,991,156.21. Over the last 90 days, insiders have sold 13,300 shares of company stock valued at $187,709.