Clairvest Group (TSE:CVG) Hits New 52-Week High – Still a Buy?

Clairvest Group Inc. (TSE:CVG)’s stock price hit a new 52-week high during trading on Thursday. The company traded as high as C$87.00 and last traded at C$87.00, with a volume of 100 shares changing hands. The stock had previously closed at C$85.50.

Clairvest Group Trading Up 2.4%

The business has a 50-day moving average price of C$82.78 and a 200 day moving average price of C$77.71. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 8.58 and a beta of -0.00.

Clairvest Group (TSE:CVG) last issued its earnings results on Wednesday, November 11th. The company reported C$2.08 earnings per share (EPS) for the quarter. The business had revenue of C$46.77 million for the quarter. Clairvest Group had a return on equity of 11.06% and a net margin of 81.94%.

Insider Activity at Clairvest Group

In related news, insider James Miller bought 310 shares of Clairvest Group stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average cost of C$85.00 per share, with a total value of C$26,350.00. Following the completion of the acquisition, the insider directly owned 2,175 shares in the company, valued at approximately C$184,875. This trade represents a 16.62% increase in their position. 82.27% of the stock is currently owned by corporate insiders.

Clairvest Group Company Profile

Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $4.6 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 74 different platform companies and generated top quartile performance over an extended period.