Insider Selling: Jonathan Scott Russell Sells 57,018 Shares of Celadon Group Stock (CGI)
Celadon Group (NYSE:CGI) Insider Jonathan Scott Russell sold 57,018 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $21.42, for a total value of $1,221,325.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Celadon Group (NYSE:CGI) traded down 1.95% during mid-day trading 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 P/E ratio of 16.67.
Celadon Group (NYSE:CGI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.31 earnings per share. Celadon Group’s revenue was up 21.4% compared to the same quarter last year. Analysts expect that Celadon Group will post $1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Stockholders of record on Friday, October 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 0.37%. The ex-dividend date of this dividend is Wednesday, October 1st.
A number of research firms have recently commented on CGI. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.57.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.