MCAN Mortgage Co. (TSE:MKP) Director Sells C$32,337.78 in Stock

MCAN Mortgage Co. (TSE:MKP) Director Derek Sutherland sold 1,733 shares of the stock in a transaction dated Friday, November 19th. The shares were sold at an average price of C$18.66, for a total value of C$32,337.78. Following the completion of the transaction, the director now directly owns 437,681 shares in the company, valued at approximately C$8,167,127.46.

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

  • On Friday, November 12th, Derek Sutherland sold 4,000 shares of MCAN Mortgage stock. The shares were sold at an average price of C$18.94, for a total value of C$75,760.00.
  • On Wednesday, November 10th, Derek Sutherland sold 1,253 shares of MCAN Mortgage stock. The stock was sold at an average price of C$18.97, for a total value of C$23,769.41.

Shares of MKP opened at C$17.73 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 403.80. The business has a 50-day simple moving average of C$18.45 and a two-hundred day simple moving average of C$17.89. The stock has a market cap of C$490.16 million and a price-to-earnings ratio of 6.53. MCAN Mortgage Co. has a 52 week low of C$15.13 and a 52 week high of C$19.31.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings results on Friday, November 5th. The company reported C$0.47 EPS for the quarter. On average, equities analysts anticipate that MCAN Mortgage Co. will post 1.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 4th. Investors of record on Wednesday, December 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend is Tuesday, December 14th. MCAN Mortgage’s dividend payout ratio is currently 49.92%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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

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