Insider Buying: Mullen Group Ltd. (TSE:MTL) Senior Officer Acquires 2,000 Shares of Stock

Mullen Group Ltd. (TSE:MTL) Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of C$13.23 per share, for a total transaction of C$26,460.00.

Mullen Group Stock Down 0.5 %

Shares of TSE MTL opened at C$13.16 on Friday. The stock has a market capitalization of C$1.17 billion, a PE ratio of 9.54, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a fifty day moving average of C$14.42 and a 200-day moving average of C$14.63. Mullen Group Ltd. has a 52-week low of C$12.47 and a 52-week high of C$16.06.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Friday, February 28th. Mullen Group’s dividend payout ratio (DPR) is presently 60.92%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Scotiabank reduced their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark reduced their price target on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. Raymond James lowered their price objective on Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Finally, National Bankshares upped their target price on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$18.84.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.