Carolina Financial Corp (New) CFO Purchases $25,500 in Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) CFO William A. Gehman III purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $25.50 per share, with a total value of $25,500.00. Following the completion of the purchase, the chief financial officer now directly owns 16,000 shares in the company, valued at approximately $408,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Carolina Financial Corp (NASDAQ:CARO) opened at 24.50 on Wednesday. Carolina Financial Corp has a one year low of $19.40 and a one year high of $26.00. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $21.65. The company has a market cap of $95.0 million and a P/E ratio of 8.75.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Monday, September 15th.
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