Insider Selling: Paul Will Sells 9,497 Shares of Celadon Group Stock (CGI)
Celadon Group (NYSE:CGI) CEO Paul Will sold 9,497 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $21.95, for a total transaction of $208,459.15. Following the sale, the chief executive officer now directly owns 184,618 shares of the company’s stock, valued at approximately $4,052,365. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Celadon Group (NYSE:CGI) traded up 2.82% during mid-day trading on Monday, hitting $22.23. The stock had a trading volume of 99,135 shares. Celadon Group has a one year low of $16.63 and a one year high of $24.69. The stock has a 50-day moving average of $23.06 and a 200-day moving average of $21.25. The company has a market cap of $511.4 million and a P/E ratio of 22.78.
Celadon Group (NYSE:CGI) last announced its earnings results on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.15. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $197.18 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. Analysts expect that Celadon Group will post $0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, July 1st.
CGI has been the subject of a number of recent research reports. Analysts at Buckingham Research reiterated a “buy” rating on shares of Celadon Group in a research note on Thursday, May 1st. They now have a $27.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Celadon Group from $24.00 to $27.00 in a research note on Thursday, May 1st. They now have an “outperform” rating on the stock. Finally, analysts at KeyCorp raised their price target on shares of Celadon Group from $24.00 to $25.00 in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.00.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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