Clairvest Group (TSE:CVG) Reaches New 1-Year High – Still a Buy?

Clairvest Group Inc. (TSE:CVG)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$79.00 and last traded at C$79.00, with a volume of 200 shares trading hands. The stock had previously closed at C$78.95.

Clairvest Group Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 19.89 and a quick ratio of 2.73. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 9.83 and a beta of 0.16. The company’s 50 day simple moving average is C$76.90 and its two-hundred day simple moving average is C$74.96.

Clairvest Group (TSE:CVG) last posted its earnings results on Thursday, June 25th. The company reported C$4.56 earnings per share (EPS) for the quarter. The company had revenue of C$99.50 million during the quarter. Clairvest Group had a net margin of 57.92% and a return on equity of 9.03%.

Clairvest Group Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 24th were given a $0.10 dividend. The ex-dividend date was Friday, July 3rd. This represents a yield of 13.0%. Clairvest Group’s payout ratio is presently 1.24%.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.