Jamieson Wellness Inc. (TSE:JWEL) Senior Officer Joel Scales Acquires 1,906 Shares

Jamieson Wellness Inc. (TSE:JWEL) Senior Officer Joel Scales bought 1,906 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of C$28.34 per share, for a total transaction of C$54,016.04.

Jamieson Wellness Stock Performance

JWEL stock opened at C$28.64 on Wednesday. The company has a market cap of C$1.20 billion, a P/E ratio of 30.09 and a beta of 0.63. Jamieson Wellness Inc. has a 1 year low of C$25.42 and a 1 year high of C$38.20. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08. The stock’s fifty day moving average price is C$32.16 and its 200-day moving average price is C$34.04.

Jamieson Wellness Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.93%. Jamieson Wellness’s dividend payout ratio (DPR) is currently 88.26%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JWEL. Royal Bank of Canada increased their target price on Jamieson Wellness from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their target price on Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. Finally, National Bankshares increased their target price on Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th.

Jamieson Wellness Company Profile

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.