Altus Group (TSE:AIF) Stock: Insider Michael Gordon Buys 5,000 Shares

Altus Group Limited (TSE:AIF) Director Michael Gordon purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average price of C$44.36 per share, with a total value of C$221,800.00. Following the completion of the transaction, the director owned 46,940 shares of the company’s stock, valued at C$2,082,258.40. The trade was a 11.92% increase in their ownership of the stock.

Altus Group Stock Performance

Altus Group stock opened at C$44.80 on Friday. The company has a debt-to-equity ratio of 83.44, a current ratio of 1.09 and a quick ratio of 1.30. The firm has a market capitalization of C$1.53 billion, a P/E ratio of -109.27, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. Altus Group Limited has a 1-year low of C$36.97 and a 1-year high of C$63.07. The company’s 50-day moving average is C$46.68 and its 200 day moving average is C$46.05.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. Research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio (DPR) is -146.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AIF. ATB Cormark Capital Markets raised their price target on shares of Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a report on Friday, August 7th. National Bank Financial increased their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$55.64.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.