Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$87,840.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 6,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of C$14.64, for a total value of C$87,840.00. Following the completion of the transaction, the insider owned 7,300 shares of the company’s stock, valued at C$106,872. The trade was a 45.11% decrease in their ownership of the stock.

Kevin Boston also recently made the following trade(s):

• On Friday, August 14th, Kevin Boston sold 2,714 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$40,004.36.
• On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The stock was sold at an average price of C$14.94, for a total value of C$1,494.00.
• On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total value of C$5,848.00.
• On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$29,480.00.
• On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The shares were sold at an average price of C$14.37, for a total value of C$2,874.00.
• On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total value of C$18,668.00.
• On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Stock Performance

Pason Systems stock opened at C$13.80 on Thursday. Pason Systems Inc. has a 12-month low of C$11.17 and a 12-month high of C$15.47. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The firm’s fifty day moving average price is C$12.92 and its 200 day moving average price is C$13.20.

Pason Systems (TSE:PSI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$100.78 million for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. On average, research analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio is currently 83.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD decreased their price objective on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada increased their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Pason Systems currently has an average rating of “Moderate Buy” and an average price target of C$15.83.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.