Alaris Royalty Corp. (TSE:AD) Senior Officer Acquires C$12,380.00 in Stock

Alaris Royalty Corp. (TSE:AD) Senior Officer Darren John Driscoll acquired 2,000 shares of Alaris Royalty stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of C$6.19 per share, with a total value of C$12,380.00. Following the completion of the purchase, the insider now owns 384,088 shares in the company, valued at approximately C$2,377,504.72.

TSE:AD opened at C$7.86 on Thursday. The firm has a market cap of $228.84 million and a P/E ratio of 8.02. The company has a debt-to-equity ratio of 62.37, a quick ratio of 0.34 and a current ratio of 1.87. Alaris Royalty Corp. has a fifty-two week low of C$5.83 and a fifty-two week high of C$23.34. The firm has a 50-day simple moving average of C$17.23 and a two-hundred day simple moving average of C$20.12.

The business also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 28th were issued a dividend of $0.138 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 21.07%. The ex-dividend date was Thursday, February 27th. This is an increase from Alaris Royalty’s previous monthly dividend of $0.14. Alaris Royalty’s dividend payout ratio (DPR) is presently 168.37%.

A number of research firms have weighed in on AD. National Bank Financial reduced their price objective on shares of Alaris Royalty from C$18.00 to C$8.00 and set a “sector perform” rating for the company in a research note on Friday, March 20th. CIBC lowered shares of Alaris Royalty from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$25.00 to C$21.50 in a research note on Tuesday, March 3rd. Cormark reduced their price objective on shares of Alaris Royalty from C$24.00 to C$11.50 in a research note on Monday. Finally, Scotiabank raised their price objective on shares of Alaris Royalty from C$20.00 to C$21.00 in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$18.71.

About Alaris Royalty

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

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