Marc Murnaghan Buys 5,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of C$12.90 per share, with a total value of C$64,500.00. Following the completion of the acquisition, the director directly owned 513,501 shares of the company’s stock, valued at approximately C$6,624,162.90. The trade was a 0.98% increase in their position.

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

• On Friday, May 22nd, Marc Murnaghan bought 10,000 shares of Polaris Renewable Energy stock. The stock was acquired at an average cost of C$12.52 per share, with a total value of C$125,200.00.
• On Monday, May 25th, Marc Murnaghan bought 10,000 shares of Polaris Renewable Energy stock. The stock was acquired at an average cost of C$12.84 per share, with a total value of C$128,400.00.
• 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 transaction of C$251,200.00.
• On Friday, March 20th, Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock. The stock was acquired 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 transaction of C$119,000.00.

Polaris Renewable Energy Price Performance

Shares of TSE:PIF opened at C$13.15 on Friday. The company has a 50-day simple moving average of C$12.61 and a 200-day simple moving average of C$12.27. Polaris Renewable Energy Inc. has a one year low of C$11.55 and a one year high of C$14.20. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. The stock has a market capitalization of C$274.86 million, a price-to-earnings ratio of 39.85, a PEG ratio of 3.28 and a beta of 0.43.

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

Polaris Renewable Energy Announces Dividend

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

Analysts Set New Price Targets

Separately, Raymond James Financial dropped their price target on shares of 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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).