Michael Al Pilato Sells 16,582 Shares of Jamieson Wellness Inc. (TSE:JWEL) Stock

Jamieson Wellness Inc. (TSE:JWEL) Director Michael Al Pilato sold 16,582 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$28.62, for a total transaction of C$474,571.87.

Jamieson Wellness Price Performance

JWEL stock opened at C$28.68 on Friday. Jamieson Wellness Inc. has a 1 year low of C$23.98 and a 1 year high of C$38.20. The company has a market cap of C$1.20 billion, a P/E ratio of 30.13 and a beta of 0.63. The firm has a 50-day moving average of C$33.40 and a 200 day moving average of C$34.19. The company has a debt-to-equity ratio of 75.70, a current ratio of 2.76 and a quick ratio of 1.08.

Jamieson Wellness Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, March 7th. Jamieson Wellness’s payout ratio is currently 88.26%.

Wall Street Analyst Weigh In

JWEL has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. National Bankshares upped their price objective on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th. Royal Bank of Canada upped their price objective on shares of Jamieson Wellness from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, TD Securities upped their price objective on shares of Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Jamieson Wellness Company Profile

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.