Insider Selling: 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 firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$6.82, for a total value of C$78,430.00. Following the completion of the transaction, the insider owned 202,747 shares of the company’s stock, valued at approximately C$1,382,734.54. The trade was 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 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 Stock Performance

Shares of TSE:RSI traded up C$0.05 during midday trading on Tuesday, reaching C$6.83. The company’s stock had a trading volume of 70,663 shares, compared to its average volume of 269,478. The company has a quick ratio of 0.56, a current ratio of 1.68 and a debt-to-equity ratio of 89.42. The stock has a fifty day moving average of C$6.91 and a 200 day moving average of 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:RSI) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$293.69 million for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. On average, equities analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.09 dividend. The ex-dividend date 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 presently 69.23%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rogers Sugar presently has a consensus rating of “Reduce” and an average price target of C$6.75.

About Rogers Sugar

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.