Insider Buying: Quarterhill Inc. (TSE:QTRH) Senior Officer Buys C$39,400.00 in Stock

Quarterhill Inc. (TSE:QTRH – Get Rating) Senior Officer Rish Malhotra purchased 20,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of C$1.97 per share, for a total transaction of C$39,400.00. Following the completion of the purchase, the insider now directly owns 42,607 shares of the company’s stock, valued at approximately C$83,935.79.

Shares of QTRH opened at C$1.96 on Thursday. The stock has a market capitalization of C$223.34 million and a P/E ratio of 5.75. Quarterhill Inc. has a twelve month low of C$1.85 and a twelve month high of C$2.98. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 38.90. The firm has a fifty day simple moving average of C$2.17 and a two-hundred day simple moving average of C$2.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, July 8th will be paid a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, June 16th. Quarterhill’s dividend payout ratio (DPR) is 14.66%.

Several research firms recently commented on QTRH. CIBC increased their target price on shares of Quarterhill from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, May 13th. Canaccord Genuity Group decreased their price objective on Quarterhill from C$3.25 to C$2.75 in a report on Tuesday, March 22nd. Cormark lowered their target price on Quarterhill from C$3.60 to C$3.00 in a research note on Monday, May 16th. Finally, Raymond James set a C$3.25 price target on Quarterhill and gave the stock an “outperform” rating in a research report on Friday, April 8th.

Quarterhill Company Profile (Get Rating)

Quarterhill Inc operates in the intelligent transportation system and intellectual property licensing industries worldwide. Its Licensing segment includes patents relating to wireless communications, memory interface technologies, semiconductor manufacturing and packaging technologies, wired connectivity, automotive applications, computer gaming, intelligent personal assistant technologies, enhanced image processing, streaming video technologies, non-volatile Flash memory, DRAM and other memory technologies, and semiconductor analog circuitry technologies.

Read More