Rogers Sugar (TSE:RSI) Insider Michael Walton Sells 11,500 Shares of Stock

Rogers Sugar Inc. (TSE:RSIGet Free Report) insider Michael Walton sold 11,500 shares of Rogers Sugar stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00. Following the completion of the sale, the insider directly owned 202,747 shares in the company, valued at approximately C$1,382,734.54. The trade was a 5.37% 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 55,600 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.80, for a total transaction of C$378,080.00.
  • 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.

Rogers Sugar Price Performance

Shares of RSI opened at C$6.83 on Wednesday. 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 moving average is C$6.91 and its two-hundred day moving average is C$6.74. Rogers Sugar Inc. has a twelve month low of C$5.86 and a twelve month high of C$7.16. The firm has a market capitalization of C$877.96 million, a PE ratio of 13.13 and a beta of 0.71.

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

Rogers Sugar Dividend Announcement

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

Analyst Ratings Changes

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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Rogers Sugar currently has an average rating of “Reduce” and an average target price of C$6.75.

Check Out Our Latest Analysis on Rogers Sugar

About Rogers Sugar

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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.

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Insider Buying and Selling by Quarter for Rogers Sugar (TSE:RSI)

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