Sean Philip Curtis Sells 7,000 Shares of K-Bro Linen Inc. (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total transaction of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The shares were sold at an average price of C$39.75, for a total transaction of C$162,975.00.

K-Bro Linen Stock Up 0.1 %

K-Bro Linen stock traded up C$0.02 during midday trading on Tuesday, hitting C$38.55. 1,693 shares of the stock were exchanged, compared to its average volume of 11,799. K-Bro Linen Inc. has a 52-week low of C$30.69 and a 52-week high of C$40.03. The stock has a market capitalization of C$403.23 million, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The business’s 50-day moving average price is C$35.59 and its 200-day moving average price is C$34.92. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s payout ratio is 74.07%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KBL. Stifel Nicolaus boosted their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. TD Securities boosted their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.