MCAN Mortgage Co. (TSE:MKP) Director Ian Sutherland acquired 1,017 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of C$15.52 per share, for a total transaction of C$15,783.84. Following the purchase, the director now directly owns 2,340,000 shares in the company, valued at C$36,316,800.

Shares of MCAN Mortgage stock traded up C$0.20 during trading on Friday, hitting C$15.50. The stock had a trading volume of 18,400 shares, compared to its average volume of 16,657. The stock has a 50 day simple moving average of C$15.91 and a 200 day simple moving average of C$15.60. The company has a market capitalization of $374.00 million and a PE ratio of 9.20. The company has a quick ratio of 1.54, a current ratio of 1.57 and a debt-to-equity ratio of 282.88. MCAN Mortgage Co. has a 1 year low of C$12.21 and a 1 year high of C$19.46.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 8.26%. The ex-dividend date of this dividend is Thursday, September 12th. MCAN Mortgage’s dividend payout ratio (DPR) is currently 78.93%.

Separately, National Bank Financial lifted their price objective on shares of MCAN Mortgage from C$14.00 to C$15.00 and gave the stock an “underperform” rating in a research note on Friday, August 9th.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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