Jamieson Wellness (TSE:JWEL) Shares Down 0.2% – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL) dropped 0.2% during mid-day trading on Thursday . The company traded as low as C$33.95 and last traded at C$34.18. Approximately 63,896 shares changed hands during trading, an increase of 60% from the average daily volume of 39,977 shares. The stock had previously closed at C$34.25.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. National Bankshares upped their price target on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th. BMO Capital Markets upped their target price on Jamieson Wellness from C$42.00 to C$46.00 in a research report on Thursday, December 19th. TD Securities lifted their price target on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada upped their price objective on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th.

Jamieson Wellness Stock Performance

The stock’s fifty day moving average price is C$36.08 and its two-hundred day moving average price is C$34.22. The company has a market cap of C$1.42 billion, a P/E ratio of 39.74 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21.

Jamieson Wellness Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.46%. Jamieson Wellness’s payout ratio is 97.67%.

Insider Transactions at Jamieson Wellness

In other news, Senior Officer Regan Stewart sold 1,637 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$35.67, for a total value of C$58,384.75. Over the last ninety days, insiders sold 11,237 shares of company stock worth $407,455. Corporate insiders own 0.26% of the company’s stock.

About Jamieson Wellness

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.