Shares of Gluskin Sheff + Associates Inc (TSE:GS) reached a new 52-week low on Wednesday . The stock traded as low as C$10.09 and last traded at C$10.18, with a volume of 84176 shares changing hands. The stock had previously closed at C$10.41.

Several analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Gluskin Sheff + Associates from C$14.00 to C$11.00 in a research report on Friday, November 16th. Royal Bank of Canada lowered their price objective on shares of Gluskin Sheff + Associates from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 15th. CIBC lowered their price objective on shares of Gluskin Sheff + Associates from C$15.00 to C$13.00 in a research report on Friday, November 16th. Finally, TD Securities lowered their price objective on shares of Gluskin Sheff + Associates from C$18.00 to C$16.00 and set a “hold” rating on the stock in a research report on Monday, September 24th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of C$14.25.

Gluskin Sheff + Associates (TSE:GS) last posted its quarterly earnings data on Wednesday, November 14th. The company reported C$0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.24 by C$0.01. The company had revenue of C$30.29 million for the quarter. As a group, equities research analysts expect that Gluskin Sheff + Associates Inc will post 1.3999999738806 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 26th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.95%. The ex-dividend date of this dividend is Friday, November 23rd. Gluskin Sheff + Associates’s dividend payout ratio (DPR) is currently 78.74%.

In related news, Director Nancy Lockhart acquired 5,000 shares of the stock in a transaction dated Thursday, October 25th. The shares were purchased at an average price of C$11.04 per share, for a total transaction of C$55,200.00.

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About Gluskin Sheff + Associates (TSE:GS)

Gluskin Sheff + Associates Inc is a publicly owned investment manager. The firm also provides wealth management services. It primarily provides its services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations, pension and profit sharing plans, pooled investment vehicles, charitable organizations , corporations, institutions, insurance companies, and estates.

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