Celadon Group Chairman Sells $2,161,060 in Stock (CGI)
Celadon Group (NYSE:CGI) Chairman Stephen Russell sold 94,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $22.99, for a total value of $2,161,060.00. Following the completion of the transaction, the chairman now directly owns 688,581 shares of the company’s stock, valued at approximately $15,830,477. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Celadon Group currently has a consensus rating of “Hold” and an average target price of $24.00.
Shares of Celadon Group (NYSE:CGI) traded up 0.21% during mid-day trading on Tuesday, hitting $23.47. The stock had a trading volume of 57,765 shares. Celadon Group has a 52-week low of $16.63 and a 52-week high of $24.69. The stock’s 50-day moving average is $22.5 and its 200-day moving average is $21.75. The company has a market cap of $542.2 million and a P/E ratio of 24.68.
Celadon Group (NYSE:CGI) last released its earnings data 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. Investors 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 0.34%. The ex-dividend date of this dividend is Tuesday, July 1st.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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