Alaris Royalty Corp. (AD) Senior Officer Sells C$111,660.00 in Stock

Alaris Royalty Corp. (TSE:AD) Senior Officer Curtis James Krawetz sold 6,000 shares of Alaris Royalty stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$18.61, for a total transaction of C$111,660.00. Following the completion of the transaction, the insider now directly owns 36,721 shares of the company’s stock, valued at approximately C$683,377.81.

Shares of AD opened at C$18.64 on Thursday. Alaris Royalty Corp. has a 1 year low of C$15.38 and a 1 year high of C$21.41. The firm has a market cap of $683.21 million and a PE ratio of 9.09. The company has a debt-to-equity ratio of 36.91, a current ratio of 3.84 and a quick ratio of 1.86.

Alaris Royalty (TSE:AD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.09. The firm had revenue of C$25.31 million for the quarter, compared to analyst estimates of C$25.20 million. On average, analysts anticipate that Alaris Royalty Corp. will post 1.78000015784189 earnings per share for the current year.

Several equities analysts have recently issued reports on AD shares. Raymond James boosted their price target on shares of Alaris Royalty from C$19.00 to C$20.50 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Cormark boosted their price target on shares of Alaris Royalty from C$21.50 to C$22.00 in a report on Thursday, March 7th. CIBC boosted their price target on shares of Alaris Royalty from C$19.00 to C$22.00 in a report on Thursday, March 7th. National Bank Financial boosted their price target on shares of Alaris Royalty from C$21.00 to C$21.50 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada reduced their price target on shares of Alaris Royalty from C$25.00 to C$22.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th.

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About Alaris Royalty

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

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