Insider Selling: Jamieson Wellness Inc. (TSE:JWEL) Senior Officer Sells 6,300 Shares of Stock

Jamieson Wellness Inc. (TSE:JWEL) Senior Officer Regan Stewart sold 6,300 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$35.69, for a total value of C$224,847.00.

Regan Stewart also recently made the following trade(s):

• On Friday, November 15th, Regan Stewart sold 1,637 shares of Jamieson Wellness stock. The shares were sold at an average price of C$35.67, for a total value of C$58,384.75.
• On Monday, August 26th, Regan Stewart sold 8,732 shares of Jamieson Wellness stock. The shares were sold at an average price of C$31.65, for a total value of C$276,373.04.

Jamieson Wellness Stock Performance

Shares of JWEL opened at C$35.91 on Monday. The company has a 50-day moving average of C$34.66 and a two-hundred day moving average of C$31.28. The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 41.76 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08. Jamieson Wellness Inc. has a one year low of C$23.98 and a one year high of C$36.77.

Jamieson Wellness Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.34%. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, November 29th. Jamieson Wellness’s payout ratio is presently 97.67%.

Analysts Set New Price Targets

Several equities research analysts have commented on JWEL shares. Royal Bank of Canada boosted their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of Jamieson Wellness from C$35.00 to C$42.00 in a report on Friday, August 9th. Canaccord Genuity Group raised their target price on shares of Jamieson Wellness from C$32.50 to C$36.25 in a report on Friday, August 9th. Finally, TD Securities upped their price target on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a report on Friday, November 8th.

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.