StorageVault Canada Inc. (TSE:SVI) Insider Buys C$23,701.12 in Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. bought 6,400 shares of the company’s stock in a transaction on Wednesday, April 30th. The shares were acquired at an average price of C$3.70 per share, with a total value of C$23,701.12.

StorageVault Canada Inc. also recently made the following trade(s):

• On Monday, March 31st, StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock. The shares were acquired at an average cost of C$3.95 per share, with a total value of C$98,742.50.
• On Tuesday, March 4th, StorageVault Canada Inc. acquired 10,200 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$3.97 per share, for a total transaction of C$40,446.06.

StorageVault Canada Stock Up 0.8 %

Shares of SVI stock opened at C$3.86 on Friday. The firm has a market cap of C$1.42 billion, a price-to-earnings ratio of -28.09 and a beta of 0.89. StorageVault Canada Inc. has a 52-week low of C$3.53 and a 52-week high of C$5.26. The company’s 50 day moving average is C$3.82 and its 200 day moving average is C$3.92.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.0029 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.30%. StorageVault Canada’s dividend payout ratio is presently -7.28%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Desjardins lowered their target price on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating for the company in a research note on Monday, April 28th. Scotiabank dropped their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. CIBC reduced their target price on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Raymond James boosted their price target on StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Canaccord Genuity Group upgraded StorageVault Canada from a “hold” rating to a “buy” rating and reduced their price objective for the stock from C$5.00 to C$4.50 in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, StorageVault Canada has an average rating of “Moderate Buy” and a consensus price target of C$5.13.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.