Insider Selling: K-Bro Linen Inc. (TSE:KBL) Senior Officer Sells 7,000 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total value of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The stock was sold at an average price of C$39.75, for a total value of C$162,975.00.

K-Bro Linen Price Performance

K-Bro Linen stock opened at C$38.49 on Friday. The stock has a fifty day moving average of C$35.82 and a 200-day moving average of C$35.06. The stock has a market capitalization of C$402.61 million, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. K-Bro Linen Inc. has a 52 week low of C$30.69 and a 52 week high of C$40.03.

K-Bro Linen Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.12%. K-Bro Linen’s dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KBL shares. TD Securities upped their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. Stifel Nicolaus upped their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.