Michael Walton Sells 11,500 Shares of Rogers Sugar (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 11,500 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$6.82, for a total transaction of C$78,430.00. Following the completion of the sale, the insider directly owned 202,747 shares in the company, valued at approximately C$1,382,734.54. This represents a 5.37% decrease in their position.

Michael Walton also recently made the following trade(s):

• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total value of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.80, for a total value of C$378,080.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total value of C$44,687.22.

Rogers Sugar Trading Up 0.9%

TSE RSI opened at C$6.89 on Thursday. The firm has a market capitalization of C$885.67 million, a PE ratio of 13.25 and a beta of 0.71. The business’s 50-day moving average price is C$6.91 and its two-hundred day moving average price is C$6.74. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. Rogers Sugar Inc. has a 12 month low of C$5.86 and a 12 month high of C$7.16.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%.The company had revenue of C$293.69 million during the quarter. On average, analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 26th. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. Rogers Sugar’s dividend payout ratio is 69.23%.

Analyst Ratings Changes

Separately, TD Securities upgraded Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of C$6.75.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.