Insider Selling: Jamieson Wellness Inc. (TSE:JWEL) Director Sells 16,582 Shares of Stock

Jamieson Wellness Inc. (TSE:JWEL) Director Michael Al Pilato sold 16,582 shares of Jamieson Wellness stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$28.62, for a total transaction of C$474,571.87.

Jamieson Wellness Price Performance

Jamieson Wellness stock traded down C$0.48 during midday trading on Thursday, hitting C$28.48. The company’s stock had a trading volume of 3,123 shares, compared to its average volume of 81,092. Jamieson Wellness Inc. has a 12 month low of C$23.98 and a 12 month high of C$38.20. The company has a quick ratio of 1.08, a current ratio of 2.76 and a debt-to-equity ratio of 75.70. The stock’s 50-day moving average price is C$33.72 and its 200-day moving average price is C$34.23. The company has a market capitalization of C$1.19 billion, a PE ratio of 29.92 and a beta of 0.63.

Jamieson Wellness Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, March 7th. Jamieson Wellness’s dividend payout ratio is presently 88.26%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JWEL. National Bankshares boosted their price objective on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. Royal Bank of Canada boosted their price target on Jamieson Wellness from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. BMO Capital Markets raised their price target on Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday, December 19th. Finally, TD Securities upped their price objective on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.