Insider Selling: FirstService Corp (TSE:FSV) Senior Officer Sells C$1,056,000.00 in Stock

FirstService Corp (TSE:FSV) (NASDAQ:FSV) Senior Officer Jeremy Alan Rakusin sold 6,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of C$176.00, for a total transaction of C$1,056,000.00. Following the completion of the sale, the insider now owns 194,600 shares of the company’s stock, valued at approximately C$34,249,600.

Jeremy Alan Rakusin also recently made the following trade(s):

  • On Thursday, September 17th, Jeremy Alan Rakusin sold 400 shares of FirstService stock. The shares were sold at an average price of C$170.25, for a total transaction of C$68,100.00.

FSV opened at C$164.74 on Thursday. The firm has a market cap of $7.16 billion and a P/E ratio of 118.09. The firm has a 50-day moving average of C$162.29 and a 200 day moving average of C$135.34. The company has a debt-to-equity ratio of 103.97, a quick ratio of 1.38 and a current ratio of 1.74. FirstService Corp has a fifty-two week low of C$83.36 and a fifty-two week high of C$178.83.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.08) by C$0.96. The company had revenue of C$861.90 million for the quarter, compared to the consensus estimate of C$738.48 million. Equities research analysts predict that FirstService Corp will post 3.6377542 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.86 annualized dividend and a yield of 0.52%. FirstService’s payout ratio is currently 45.16%.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

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