Crown Capital Partners (TSE:CRWN) Price Target Cut to C$9.00

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Crown Capital Partners (TSE:CRWN) had its price target lowered by Raymond James from C$9.50 to C$9.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. BMO Capital Markets cut Crown Capital Partners from an outperform rating to a market perform rating and dropped their price target for the company from C$11.00 to C$9.50 in a research note on Wednesday, May 8th. National Bank Financial dropped their price target on Crown Capital Partners from C$10.00 to C$8.00 and set a sector perform rating for the company in a research note on Friday, August 9th.

Shares of CRWN opened at C$7.41 on Wednesday. Crown Capital Partners has a 52 week low of C$7.40 and a 52 week high of C$10.48. The stock has a market capitalization of $71.06 million and a price-to-earnings ratio of 29.17. The company has a debt-to-equity ratio of 19.65, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of C$8.05 and a 200-day moving average of C$9.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Thursday, August 15th. Crown Capital Partners’s payout ratio is 236.22%.

In other news, insider Crown Capital Partners Inc. purchased 14,364 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was bought at an average cost of C$8.58 per share, for a total transaction of C$123,210.08. Following the purchase, the insider now owns 14,364 shares of the company’s stock, valued at C$123,210.08.

Crown Capital Partners Company Profile

Crown Capital Partners Inc is a private equity firm specializing in acquisitions, special situations, management and leveraged buyouts, recapitalizations, mezzanine, bridge loans, and growth capital investments in private and public middle market companies. The firm also provides leveraged working capital loan and also invests in the form of royalties.

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