Jim Caldwell Sells 1,500 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Jim Caldwell sold 1,500 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of C$51.87, for a total transaction of C$77,805.00. Following the completion of the transaction, the insider now directly owns 916 shares of the company’s stock, valued at C$47,512.92. This trade represents a 62.09 % decrease in their position.

North West Stock Up 0.8 %

Shares of TSE:NWC opened at C$53.79 on Friday. The firm has a market cap of C$2.59 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a 12-month low of C$37.15 and a 12-month high of C$55.93. The business has a fifty day simple moving average of C$48.49 and a 200 day simple moving average of C$49.65. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.

North West Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 24th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, April 16th. North West’s payout ratio is presently 58.83%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of North West from C$58.00 to C$60.00 in a research note on Thursday, April 10th. TD Securities boosted their price objective on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. Cibc World Mkts upgraded North West to a “strong-buy” rating in a research report on Wednesday, February 19th. Finally, CIBC boosted their price target on North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, April 11th.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.