Insider Buying: Element Fleet Management (TSE:EFN) Insider Purchases C$57,989.25 in Stock

Element Fleet Management Corp. (TSE:EFN) insider Jose Manuel Tamayo purchased 2,343 shares of Element Fleet Management stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, for a total transaction of C$57,989.25. Following the transaction, the insider directly owned 3,844 shares in the company, valued at approximately C$95,139. The trade was a 156.10% increase in their position.

Element Fleet Management Trading Up 0.6%

Shares of EFN stock traded up C$0.14 on Thursday, hitting C$24.94. The company had a trading volume of 680,817 shares, compared to its average volume of 1,017,224. Element Fleet Management Corp. has a twelve month low of C$24.55 and a twelve month high of C$38.26. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The firm has a market cap of C$9.76 billion, a P/E ratio of 33.70, a P/E/G ratio of 2.97 and a beta of 0.46. The stock’s 50-day moving average is C$28.49 and its two-hundred day moving average is C$29.32.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%.The company had revenue of C$451.94 million for the quarter. On average, equities research analysts anticipate that Element Fleet Management Corp. will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Element Fleet Management’s payout ratio is 54.26%.

About Element Fleet Management

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.