Gordon James Clanachan Buys 1,700 Shares of Melcor Developments Ltd. (MRD) Stock

Melcor Developments Ltd. (TSE:MRD) Director Gordon James Clanachan purchased 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of C$13.46 per share, with a total value of C$22,882.00. Following the completion of the purchase, the director now owns 9,700 shares of the company’s stock, valued at approximately C$130,562.

Shares of MRD stock traded down C$0.20 during trading on Thursday, hitting C$13.40. The company had a trading volume of 6,255 shares, compared to its average volume of 4,309. The company has a current ratio of 19.51, a quick ratio of 3.19 and a debt-to-equity ratio of 58.36. The stock has a market cap of $453.51 million and a P/E ratio of 8.80. Melcor Developments Ltd. has a one year low of C$12.01 and a one year high of C$15.95.

Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$1.09 earnings per share (EPS) for the quarter. The company had revenue of C$119.98 million during the quarter. Analysts forecast that Melcor Developments Ltd. will post 1.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Saturday, June 15th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, June 13th. Melcor Developments’s dividend payout ratio (DPR) is currently 33.64%.

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Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Property, REIT, and Recreational Property divisions. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.

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