Rogers Sugar (TSE:RSI) Insider Sells C$78,430.00 in Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$6.82, for a total value of C$78,430.00. Following the completion of the sale, the insider owned 202,747 shares of the company’s stock, valued at C$1,382,734.54. This trade represents a 5.37% decrease in their ownership of the stock.

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

• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total value of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.80, for a total value of C$378,080.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total value of C$44,687.22.

Rogers Sugar Stock Performance

TSE RSI opened at C$6.85 on Friday. The stock’s fifty day moving average is C$6.91 and its two-hundred day moving average is C$6.74. The firm has a market capitalization of C$880.53 million, a P/E ratio of 13.17 and a beta of 0.71. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.56 and a current ratio of 1.68. Rogers Sugar Inc. has a fifty-two week low of C$5.86 and a fifty-two week high of C$7.16.

Rogers Sugar (TSE:RSI) last issued its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%.The business had revenue of C$293.69 million during the quarter. On average, research analysts anticipate that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Rogers Sugar Company Profile

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.