Insider Selling: Jonathan Scott Russell Sells 7,700 Shares of Celadon Group Stock (CGI)
Celadon Group (NYSE:CGI) Insider Jonathan Scott Russell sold 7,700 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $21.56, for a total value of $166,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Celadon Group (NYSE:CGI) traded down 1.95% on Wednesday, hitting $21.09. 194,946 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 $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 posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts predict that Celadon Group will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Investors 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.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.57.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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