Atrium Mortgage Investment Corp (TSE:AI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$13.11 and last traded at C$13.10, with a volume of 27223 shares traded. The stock had previously closed at C$12.97.

Separately, Fundamental Research lifted their price objective on Atrium Mortgage Investment from C$13.04 to C$13.07 and gave the company a “top pick” rating in a research note on Tuesday, May 1st.

Atrium Mortgage Investment (TSE:AI) last released its quarterly earnings data on Wednesday, April 25th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$13.37 million during the quarter. Atrium Mortgage Investment had a return on equity of 9.07% and a net margin of 57.75%.

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, August 13th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, July 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.89%.

In other Atrium Mortgage Investment news, Director Maurice Kagan purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The stock was purchased at an average price of C$12.57 per share, for a total transaction of C$25,140.00. Also, Director Nancy Lockhart sold 7,400 shares of Atrium Mortgage Investment stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of C$12.70, for a total value of C$93,980.00.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia in Canada. It offers various types of mortgage loans, including first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing.

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