Insider Buying: Rogers Sugar Inc. (TSE:RSI) Director Buys 150,000 Shares of Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross acquired 150,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of C$5.42 per share, for a total transaction of C$813,000.00.

Rogers Sugar Stock Performance

Shares of RSI stock opened at C$5.58 on Friday. The stock has a fifty day moving average of C$5.77 and a 200 day moving average of C$5.73. Rogers Sugar Inc. has a 52 week low of C$5.12 and a 52 week high of C$6.47. The firm has a market capitalization of C$711.99 million, a price-to-earnings ratio of 12.77 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41.

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s payout ratio is 82.41%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSI. BMO Capital Markets lowered their price target on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a report on Friday, February 7th. Scotiabank lowered their price target on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$6.40.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.