Insider Buying: Diversified Royalty (TSE:DIV) Director Purchases C$399,000.00 in Stock

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi bought 100,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of C$3.99 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director directly owned 112,767 shares in the company, valued at C$449,940.33. This represents a 783.27% increase in their position.

Johnny Ciampi also recently made the following trade(s):

• On Monday, June 8th, Johnny Ciampi sold 147,004 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total value of C$701,209.08.
• On Monday, June 8th, Johnny Ciampi sold 152,996 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total value of C$729,790.92.

Diversified Royalty Trading Up 0.2%

Shares of TSE DIV traded up C$0.01 during midday trading on Wednesday, reaching C$4.10. 627,617 shares of the stock were exchanged, compared to its average volume of 472,810. The company has a market capitalization of C$766.90 million, a P/E ratio of 24.12 and a beta of 1.11. Diversified Royalty Corp. has a 52-week low of C$3.37 and a 52-week high of C$4.98. The company has a current ratio of 0.49, a quick ratio of 1.74 and a debt-to-equity ratio of 212.48. The stock has a 50 day moving average price of C$4.61 and a 200-day moving average price of C$4.39.

Diversified Royalty (TSE:DIV) last released its earnings results on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%.The firm had revenue of C$19.48 million during the quarter. Equities research analysts expect that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be paid a dividend of $0.0238 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.0%. Diversified Royalty’s dividend payout ratio (DPR) is currently 165.69%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIV. Desjardins lowered their price objective on shares of Diversified Royalty from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Friday, August 14th. Raymond James Financial increased their target price on Diversified Royalty from C$4.70 to C$5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Canaccord Genuity Group lifted their target price on Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, ATB Cormark Capital Markets lowered their price target on Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Diversified Royalty currently has a consensus rating of “Buy” and an average price target of C$5.25.

Diversified Royalty Company Profile

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.