StorageVault Canada Inc. (TSE:SVI) Insider Purchases C$98,742.50 in Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. purchased 25,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of C$3.95 per share, with a total value of C$98,742.50.

StorageVault Canada Inc. also recently made the following trade(s):

• On Tuesday, March 4th, StorageVault Canada Inc. acquired 10,200 shares of StorageVault Canada stock. The stock was bought at an average cost of C$3.97 per share, for a total transaction of C$40,446.06.
• On Friday, January 17th, StorageVault Canada Inc. bought 50,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$3.95 per share, with a total value of C$197,440.00.

StorageVault Canada Stock Down 1.1 %

SVI stock opened at C$3.61 on Friday. StorageVault Canada Inc. has a 52 week low of C$3.53 and a 52 week high of C$5.26. The business has a 50-day simple moving average of C$3.87 and a 200 day simple moving average of C$4.07. The company has a market cap of C$1.33 billion, a PE ratio of -26.27 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0029 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, March 31st. StorageVault Canada’s dividend payout ratio (DPR) is presently -7.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SVI shares. Scotiabank reduced their price objective on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. CIBC lowered their price objective on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. Finally, Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$5.00 to C$4.50 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.47.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.