Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Buys 10,000 Shares

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan acquired 10,000 shares of the business’s stock in a transaction on Monday, May 25th. The stock was acquired at an average cost of C$12.84 per share, for a total transaction of C$128,400.00. Following the transaction, the director owned 508,501 shares of the company’s stock, valued at approximately C$6,529,152.84. The trade was a 2.01% increase in their position.

Marc Murnaghan also recently made the following trade(s):

• On Friday, May 22nd, Marc Murnaghan acquired 10,000 shares of Polaris Renewable Energy stock. The stock was acquired at an average cost of C$12.52 per share, for a total transaction of C$125,200.00.
• On Tuesday, May 26th, Marc Murnaghan acquired 5,000 shares of Polaris Renewable Energy stock. The stock was acquired at an average cost of C$12.90 per share, for a total transaction of C$64,500.00.
• On Thursday, May 14th, Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy stock. The stock was sold at an average price of C$12.56, for a total value of C$251,200.00.
• On Friday, March 20th, Marc Murnaghan acquired 5,000 shares of Polaris Renewable Energy stock. The stock was acquired at an average cost of C$12.14 per share, for a total transaction of C$60,700.00.
• On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The stock was sold at an average price of C$11.90, for a total value of C$119,000.00.

Polaris Renewable Energy Stock Performance

Shares of TSE PIF traded up C$0.06 during trading on Wednesday, reaching C$13.07. 51,640 shares of the stock traded hands, compared to its average volume of 40,759. Polaris Renewable Energy Inc. has a 52-week low of C$11.55 and a 52-week high of C$14.20. The company has a debt-to-equity ratio of 91.92, a current ratio of 4.90 and a quick ratio of 1.64. The company has a 50-day moving average of C$12.57 and a 200-day moving average of C$12.27. The stock has a market capitalization of C$273.19 million, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. The firm had revenue of C$27.48 million for the quarter. Analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, May 14th. Polaris Renewable Energy’s dividend payout ratio is currently 181.82%.

Analysts Set New Price Targets

Separately, Raymond James Financial dropped their price target on Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$19.63.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).