Pason Systems (TSE:PSI) Insider Bryce Mclean Sells 2,777 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Bryce Mclean sold 2,777 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of C$14.48, for a total value of C$40,210.96. Following the sale, the insider owned 9,376 shares in the company, valued at C$135,764.48. The trade was a 22.85% decrease in their ownership of the stock.

Bryce Mclean also recently made the following trade(s):

• On Thursday, August 13th, Bryce Mclean sold 16,700 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total value of C$243,820.00.
• On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total transaction of C$121,945.00.

Pason Systems Stock Down 0.1%

PSI opened at C$14.55 on Tuesday. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The stock has a market cap of C$1.13 billion, a P/E ratio of 23.47, a P/E/G ratio of 10.78 and a beta of 0.43. The stock’s 50 day moving average price is C$12.91 and its 200 day moving average price is C$13.17. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%.The company had revenue of C$100.78 million for the quarter. As a group, research analysts predict that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 16th. Pason Systems’s payout ratio is presently 83.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on PSI. Royal Bank Of Canada increased their price objective on Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, TD decreased their price target on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Pason Systems has an average rating of “Moderate Buy” and an average price target of C$15.83.

Pason Systems News Roundup

Here are the key news stories impacting Pason Systems this week:

• Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
• Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
• Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
• Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
• Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
• Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.