Insider Selling: Medical Facilities Co. (TSE:DR) Director Sells 100,000 Shares of Stock

Medical Facilities Co. (TSE:DR) Director Yanick Blanchard sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$15.93, for a total transaction of C$1,593,100.00.

Medical Facilities Stock Up 1.4 %

Shares of DR stock traded up C$0.22 on Monday, reaching C$16.09. 35,679 shares of the stock were exchanged, compared to its average volume of 47,291. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 86.99. The business’s 50 day moving average price is C$14.23 and its 200 day moving average price is C$13.32. The company has a market capitalization of C$386.96 million, a price-to-earnings ratio of 14.43, a PEG ratio of 3.81 and a beta of 0.47. Medical Facilities Co. has a twelve month low of C$8.31 and a twelve month high of C$16.70.

Medical Facilities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.24%. Medical Facilities’s payout ratio is currently 32.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DR shares. Leede Financial downgraded shares of Medical Facilities from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Leede Jones Gable boosted their price target on shares of Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th.

About Medical Facilities

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.