Clairvest Group (TSE:CVG) Reaches New 1-Year High – Here’s Why

Shares of Clairvest Group Inc. (TSE:CVG) reached a new 52-week high on Monday . The stock traded as high as C$78.95 and last traded at C$78.95, with a volume of 120 shares traded. The stock had previously closed at C$78.00.

Clairvest Group Price Performance

The stock has a market cap of C$1.06 billion, a P/E ratio of 9.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.73 and a current ratio of 19.89. The business has a 50 day simple moving average of C$76.48 and a 200-day simple moving average of C$74.64.

Clairvest Group (TSE:CVG) last announced its earnings results on Thursday, June 25th. The company reported C$4.56 earnings per share (EPS) for the quarter. The firm had revenue of C$99.50 million during the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.

Clairvest Group Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 24th were issued a dividend of $0.10 per share. This represents a yield of 13.0%. The ex-dividend date was Friday, July 3rd. Clairvest Group’s dividend payout ratio (DPR) is 1.24%.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.