Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Purchases 10,000 Shares of Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan acquired 10,000 shares of Polaris Renewable Energy stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of C$12.52 per share, with a total value of C$125,200.00. Following the purchase, the director directly owned 498,501 shares of the company’s stock, valued at approximately C$6,241,232.52. This trade represents a 2.05% increase in their position.

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

• On Monday, May 25th, Marc Murnaghan acquired 10,000 shares of Polaris Renewable Energy stock. The stock was purchased at an average cost of C$12.84 per share, with a total value of C$128,400.00.
• On Tuesday, May 26th, Marc Murnaghan acquired 5,000 shares of Polaris Renewable Energy stock. The stock was purchased at an average cost of C$12.90 per share, with a total value of C$64,500.00.
• On Thursday, May 14th, Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy stock. The shares were 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 purchased at an average cost of C$12.14 per share, with a total value of C$60,700.00.
• On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The shares were sold at an average price of C$11.90, for a total value of C$119,000.00.

Polaris Renewable Energy Trading Up 0.2%

Shares of Polaris Renewable Energy stock opened at C$13.03 on Thursday. The stock has a market capitalization of C$272.35 million, a PE ratio of 39.48, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. Polaris Renewable Energy Inc. has a 52 week low of C$11.55 and a 52 week high of C$14.20. The stock has a 50 day moving average price of C$12.59 and a two-hundred day moving average price of C$12.27.

Polaris Renewable Energy (TSE:PIF) last announced its earnings results on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. As a group, equities analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.6%. Polaris Renewable Energy’s payout ratio is presently 181.82%.

Wall Street Analysts Forecast Growth

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

Polaris Renewable Energy Company Profile

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).