Michael Walton Sells 47,300 Shares of Rogers Sugar (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 47,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$6.88, for a total value of C$325,424.00. Following the transaction, the insider directly owned 267,947 shares in the company, valued at C$1,843,475.36. The trade was a 15.00% decrease in their ownership of the stock.

Michael Walton also recently made the following trade(s):

• On Wednesday, September 9th, Michael Walton sold 12,700 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.89, for a total transaction of C$87,503.00.
• On Wednesday, September 9th, Michael Walton sold 23,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.87, for a total value of C$158,697.00.
• On Wednesday, September 9th, Michael Walton sold 16,900 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.85, for a total value of C$115,765.00.
• On Wednesday, September 9th, Michael Walton sold 5,300 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.86, for a total transaction of C$36,358.00.
• On Wednesday, September 9th, Michael Walton sold 7,200 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.85, for a total value of C$49,320.00.
• On Thursday, September 3rd, Michael Walton sold 3,800 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total value of C$25,916.00.
• On Thursday, September 3rd, Michael Walton sold 56,200 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$382,722.00.
• On Thursday, September 3rd, Michael Walton sold 15,000 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.85, for a total transaction of C$102,750.00.
• 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 value of C$378,080.00.

Rogers Sugar Price Performance

TSE:RSI traded down C$0.11 during trading hours on Thursday, hitting C$6.78. The company’s stock had a trading volume of 222,916 shares, compared to its average volume of 267,227. The company has a debt-to-equity ratio of 89.42, a current ratio of 1.68 and a quick ratio of 0.56. The company has a market capitalization of C$871.53 million, a P/E ratio of 13.04 and a beta of 0.70. Rogers Sugar Inc. has a twelve month low of C$5.86 and a twelve month high of C$7.16. The stock has a fifty day simple moving average of C$6.91 and a 200-day simple moving average of C$6.75.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share 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, analysts anticipate that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Announces Dividend

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

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.