Insider Buying: MCAN Mortgage Co. (MKP) Insider Buys 10,000 Shares of Stock

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MCAN Mortgage Co. (TSE:MKP) insider Ian Sutherland bought 10,000 shares of the stock in a transaction dated Wednesday, November 14th. The stock was bought at an average cost of C$13.77 per share, with a total value of C$137,700.00.

Ian Sutherland also recently made the following trade(s):

  • On Monday, November 12th, Ian Sutherland bought 7,000 shares of MCAN Mortgage stock. The stock was bought at an average cost of C$14.00 per share, with a total value of C$98,000.00.

Shares of TSE MKP traded down C$0.02 during midday trading on Friday, reaching C$13.81. The company had a trading volume of 730 shares, compared to its average volume of 19,738. MCAN Mortgage Co. has a one year low of C$12.90 and a one year high of C$19.46. The company has a debt-to-equity ratio of 319.11, a current ratio of 1.99 and a quick ratio of 1.96.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Thursday, December 13th. MCAN Mortgage’s payout ratio is 81.63%.

Separately, National Bank Financial lowered their target price on MCAN Mortgage from C$17.00 to C$12.00 and set an “underperform” rating for the company in a research note on Tuesday, October 30th.

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MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on investing its funds in a portfolio of mortgages, including single family residential, residential construction, non-residential construction, and commercial loans, as well as other types of financial investments, loans, and real estate investments.

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Insider Buying and Selling by Quarter for MCAN Mortgage (TSE:MKP)

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