Keith L. Ray Acquires 6,500 Shares of Firm Capital Mortgage Investment Co. (TSE:FC) Stock

Firm Capital Mortgage Investment Co. (TSE:FC) Director Keith L. Ray purchased 6,500 shares of the company’s stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of C$9.89 per share, with a total value of C$64,285.00.

Firm Capital Mortgage Investment Trading Up 2.0 %

Shares of FC opened at C$10.00 on Tuesday. Firm Capital Mortgage Investment Co. has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.40. The company has a debt-to-equity ratio of 50.99, a quick ratio of 17.11 and a current ratio of 11.63. The firm has a 50 day moving average price of C$10.63 and a 200-day moving average price of C$10.85. The firm has a market cap of C$344.90 million, a price-to-earnings ratio of 10.42 and a beta of 0.92.

Firm Capital Mortgage Investment (TSE:FC) last released its earnings results on Wednesday, August 2nd. The company reported C$0.24 earnings per share for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.36% and a net margin of 72.65%. The company had revenue of C$17.53 million during the quarter. As a group, equities research analysts forecast that Firm Capital Mortgage Investment Co. will post 0.975161 earnings per share for the current year.

Firm Capital Mortgage Investment Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th were issued a dividend of $0.078 per share. The ex-dividend date was Friday, July 28th. This represents a $0.94 dividend on an annualized basis and a yield of 9.36%. Firm Capital Mortgage Investment’s dividend payout ratio is currently 97.92%.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price objective on shares of Firm Capital Mortgage Investment from C$13.50 to C$12.50 and set a “buy” rating for the company in a report on Wednesday, August 9th.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. The company engages in originating, funding, purchasing, and servicing mortgage investments. It also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, alternative residential lending program, and infill construction lending program.