Insider Selling: Rogers Sugar (TSE:RSI) Insider Sells C$378,080.00 in Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 55,600 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$6.80, for a total value of C$378,080.00. Following the completion of the transaction, the insider directly owned 220,809 shares of the company’s stock, valued at approximately C$1,501,501.20. This trade represents a 20.12% decrease in their position.

Michael Walton also recently made the following trade(s):

• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total transaction of C$44,687.22.
• On Tuesday, September 1st, Michael Walton sold 11,500 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00.

Rogers Sugar Stock Performance

RSI stock traded up C$0.05 on Tuesday, hitting C$6.83. The company had a trading volume of 70,663 shares, compared to its average volume of 269,478. Rogers Sugar Inc. has a 12-month low of C$5.86 and a 12-month high of C$7.16. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. The stock’s 50-day simple moving average is C$6.91 and its 200 day simple moving average is C$6.74. The stock has a market cap of C$877.96 million, a price-to-earnings ratio of 13.13 and a beta of 0.71.

Rogers Sugar (TSE:RSI) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$293.69 million for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%. As a group, equities research analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.09 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a yield of 5.3%. Rogers Sugar’s dividend payout ratio is presently 69.23%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of C$6.75.

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.