Mullen Group Ltd (TSE:MTL) Director David Edward Mullen sold 150,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of C$13.20, for a total value of C$1,980,000.00.

David Edward Mullen also recently made the following trade(s):

  • On Thursday, September 20th, David Edward Mullen sold 700,000 shares of Mullen Group stock. The shares were sold at an average price of C$15.00, for a total value of C$10,500,000.00.

TSE MTL opened at C$13.21 on Thursday. The company has a debt-to-equity ratio of 49.29, a current ratio of 1.94 and a quick ratio of 1.58. Mullen Group Ltd has a 12 month low of C$13.01 and a 12 month high of C$16.93.

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.60 dividend on an annualized basis and a yield of 4.54%. Mullen Group’s dividend payout ratio is presently 147.42%.

Several equities analysts have recently issued reports on the company. Canaccord Genuity cut their price target on Mullen Group from C$17.50 to C$17.00 in a research note on Tuesday, October 16th. Royal Bank of Canada upped their price target on Mullen Group from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. CIBC upped their price target on Mullen Group from C$17.00 to C$18.00 in a research note on Friday, July 27th. GMP Securities cut their price target on Mullen Group from C$17.50 to C$16.50 in a research note on Friday, October 26th. Finally, Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and upped their price target for the company from C$15.00 to C$19.00 in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$17.17.

TRADEMARK VIOLATION NOTICE: “David Edward Mullen Sells 150,000 Shares of Mullen Group Ltd (MTL) Stock” was first published by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2018/11/22/david-edward-mullen-sells-150000-shares-of-mullen-group-ltd-mtl-stock.html.

Mullen Group Company Profile

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.

See Also: Understanding the different types of bonds

Insider Buying and Selling by Quarter for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.