Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Sells 20,000 Shares of Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total value of C$251,200.00. Following the completion of the sale, the director owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This trade represents a 3.93% decrease in their ownership of the stock.

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

• On Friday, March 20th, Marc Murnaghan purchased 5,000 shares of Polaris Renewable Energy stock. The stock was purchased at an average price 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 shares were 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 Polaris Renewable Energy stock opened at C$12.50 on Wednesday. The firm has a market cap of C$261.28 million, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43. The stock’s 50-day moving average is C$12.52 and its 200-day moving average is C$12.28. Polaris Renewable Energy Inc. has a one year low of C$11.40 and a one year 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.

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. The firm had revenue of C$27.48 million during the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. Equities analysts predict 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 declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, May 14th. Polaris Renewable Energy’s payout ratio is 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 report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus 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).