Insider Selling: Celadon Group CEO Sells 86,736 Shares of Stock (CGI)
Celadon Group (NYSE:CGI) CEO Paul Will unloaded 86,736 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $21.45, for a total transaction of $1,860,487.20. Following the transaction, the chief executive officer now directly owns 172,357 shares of the company’s stock, valued at approximately $3,697,058. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CGI shares. Analysts at Stephens downgraded shares of Celadon Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 13th. They now have a $24.00 price target on the stock, down previously from $27.00. Separately, analysts at Stifel Nicolaus upgraded shares of Celadon Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 8th. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at TheStreet downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.57.
Shares of Celadon Group (NYSE:CGI) traded down 1.95% on Wednesday, hitting $21.09. The stock had a trading volume of 194,946 shares. 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 $21.7 and a 200-day moving average of $22.39. The company has a market cap of $487.7 million and a price-to-earnings ratio of 16.67.
Celadon Group (NYSE:CGI) last announced its earnings results on Wednesday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. The company had revenue of $197.40 million for the quarter, compared to the consensus estimate of $202.69 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Celadon Group will post $1.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, October 1st.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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