StorageVault Canada Inc. (TSE:SVI) Insider Buys C$786,425.00 in Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. bought 189,500 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was bought at an average cost of C$4.15 per share, with a total value of C$786,425.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Wednesday, April 30th, StorageVault Canada Inc. purchased 6,400 shares of StorageVault Canada stock. The shares were acquired at an average price of C$3.70 per share, for a total transaction of C$23,701.12.
• On Monday, March 31st, StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock. The shares were acquired at an average price of C$3.95 per share, for a total transaction of C$98,742.50.

StorageVault Canada Trading Up 1.9%

Shares of SVI stock opened at C$4.22 on Wednesday. StorageVault Canada Inc. has a 1 year low of C$3.53 and a 1 year high of C$5.26. The stock has a market cap of C$1.55 billion, a P/E ratio of -30.71 and a beta of 0.89. The stock has a 50 day simple moving average of C$3.84 and a 200 day simple moving average of C$3.90.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.0029 per share. The ex-dividend date was Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.27%. StorageVault Canada’s dividend payout ratio (DPR) is presently -7.28%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James increased their price objective on StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Desjardins decreased their price objective on StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and cut their price target for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th. CIBC cut their price target on StorageVault Canada from C$4.75 to C$4.25 in a research note on Friday, April 25th. Finally, Royal Bank of Canada set a C$5.50 price target on StorageVault Canada and gave the company an “outperform” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$5.17.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.