Insider Selling: Corrections Corp Of America EVP Sells 15,000 Shares of Stock (CXW)
Corrections Corp Of America (NYSE:CXW) EVP Anthony L. Grande sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $35.66, for a total value of $534,900.00. Following the sale, the executive vice president now directly owns 101,760 shares in the company, valued at approximately $3,628,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Corrections Corp Of America (NYSE:CXW) traded up 0.17% on Wednesday, hitting $35.66. 57,633 shares of the company’s stock traded hands. Corrections Corp Of America has a 1-year low of $30.37 and a 1-year high of $38.13. The stock’s 50-day moving average is $33.59 and its 200-day moving average is $32.90. The company has a market cap of $4.152 billion and a P/E ratio of 20.22.
Corrections Corp Of America (NYSE:CXW) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.03. The company had revenue of $410.69 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter last year, the company posted $0.52 earnings per share. Corrections Corp Of America’s revenue was down 3.4% compared to the same quarter last year. Analysts expect that Corrections Corp Of America will post $1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Tuesday, September 30th.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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