Mullen Group (TSE:MTL) Director Stephen Lockwood Sells 3,500 Shares

Mullen Group Ltd. (TSE:MTL) Director Stephen Lockwood sold 3,500 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately C$162,583. The trade was a 31.64% decrease in their ownership of the stock.

Mullen Group Stock Up 0.7%

Mullen Group stock traded up C$0.14 during midday trading on Friday, hitting C$21.56. 120,994 shares of the company’s stock were exchanged, compared to its average volume of 292,890. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07. Mullen Group Ltd. has a 12 month low of C$12.98 and a 12 month high of C$21.70. The firm has a 50-day moving average of C$18.18 and a two-hundred day moving average of C$16.64. The company has a market cap of C$2.07 billion, a PE ratio of 21.14, a P/E/G ratio of 1.81 and a beta of 0.84.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The company had revenue of C$547.70 million for the quarter.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, April 30th. Mullen Group’s dividend payout ratio is presently 82.35%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce increased their target price on shares of Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Acumen Capital increased their target price on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Raymond James Financial increased their target price on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price target on shares of Mullen Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Desjardins increased their price target on shares of Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Mullen Group currently has an average rating of “Moderate Buy” and an average target price of C$20.67.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.