Jamieson Wellness (TSE:JWEL) Shares Down 0.8% – Here’s Why

Shares of Jamieson Wellness Inc. (TSE:JWEL) dropped 0.8% on Thursday . The stock traded as low as C$34.77 and last traded at C$35.00. Approximately 14,091 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 41,285 shares. The stock had previously closed at C$35.27.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JWEL. BMO Capital Markets upped their price target on Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. National Bankshares lifted their target price on shares of Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th. Finally, TD Securities increased their price target on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Jamieson Wellness Stock Performance

The stock’s 50 day moving average price is C$36.11 and its two-hundred day moving average price is C$33.62. The company has a current ratio of 3.21, a quick ratio of 1.08 and a debt-to-equity ratio of 92.76. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 40.17 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 2.43%. Jamieson Wellness’s dividend payout ratio (DPR) is 97.67%.

Insider Activity

In other news, Senior Officer Regan Stewart sold 6,300 shares of Jamieson Wellness stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total transaction of C$224,847.00. In the last three months, insiders sold 11,237 shares of company stock worth $407,455. Company insiders own 0.26% of the company’s stock.

Jamieson Wellness Company Profile

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.