Insider Selling: Celadon Group Director Sells 19,875 Shares of Stock (CGI)
Celadon Group (NYSE:CGI) Director Michael Miller unloaded 19,875 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $23.00, for a total transaction of $457,125.00. Following the transaction, the director now directly owns 43,803 shares of the company’s stock, valued at approximately $1,007,469. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Celadon Group (NYSE:CGI) traded up 0.21% during mid-day trading on Tuesday, hitting $23.47. 57,765 shares of the company’s stock traded hands. Celadon Group has a 52-week low of $16.63 and a 52-week high of $24.69. The stock has a 50-day moving average of $22.5 and a 200-day moving average of $21.75. The company has a market cap of $542.2 million and a price-to-earnings ratio of 24.68.
Celadon Group (NYSE:CGI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.19 earnings per share. Celadon Group’s revenue was up 29.1% compared to the same quarter last year. On average, analysts predict that Celadon Group will post $0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders 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.
CGI has been the subject of a number of recent research reports. 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 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. The company has a consensus rating of “Hold” and an average price target of $24.00.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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