Mullen Group (TSE:MTL) Director Stephen Lockwood Sells 3,500 Shares

Mullen Group Ltd. (TSE:MTL) Director Stephen Lockwood sold 3,500 shares of Mullen Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total value of C$75,250.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at C$162,583. This trade represents a 31.64% decrease in their position.

Mullen Group Price Performance

MTL opened at C$21.60 on Friday. The business’s 50-day moving average is C$18.27 and its two-hundred day moving average is C$16.68. Mullen Group Ltd. has a 1 year low of C$12.98 and a 1 year high of C$21.70. The company has a debt-to-equity ratio of 91.65, a current ratio of 2.07 and a quick ratio of 1.06. The firm has a market capitalization of C$2.07 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.The company had revenue of C$547.70 million for the quarter.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s dividend payout ratio (DPR) is currently 82.35%.

Analyst Ratings Changes

Several brokerages have weighed in on MTL. Desjardins raised their price target on Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Raymond James Financial raised their price target on Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. National Bank Financial raised their price target on Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce raised their price target on Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Acumen Capital raised their price target on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$20.67.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.