Alaris Royalty Corp. (TSE:AD) Director John Frederick Ripley bought 50,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of C$19.83 per share, for a total transaction of C$991,740.00. Following the transaction, the director now owns 62,500 shares of the company’s stock, valued at C$1,239,675.

TSE AD opened at C$19.41 on Friday. The company has a market cap of $718.73 million and a PE ratio of 10.22. The stock’s 50 day simple moving average is C$19.94 and its 200-day simple moving average is C$19.55. Alaris Royalty Corp. has a 1-year low of C$16.27 and a 1-year high of C$21.43. The company has a debt-to-equity ratio of 44.12, a current ratio of 4.63 and a quick ratio of 1.90.

The company also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a $0.1375 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.65 annualized dividend and a dividend yield of 8.50%. Alaris Royalty’s dividend payout ratio (DPR) is presently 86.32%.

Several equities analysts have recently weighed in on AD shares. National Bank Financial raised their target price on Alaris Royalty from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Raymond James raised their target price on Alaris Royalty from C$19.50 to C$20.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Cormark raised their target price on Alaris Royalty from C$20.50 to C$22.00 in a research report on Monday, June 24th. Royal Bank of Canada raised their target price on Alaris Royalty from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, CIBC upgraded Alaris Royalty from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$22.00 to C$25.00 in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Alaris Royalty has a consensus rating of “Buy” and a consensus target price of C$21.92.

Alaris Royalty Company Profile

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

See Also: Hold Rating

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