Insider Selling: Alaris Royalty Corp. (AD) Director Sells 2,500 Shares of Stock
Alaris Royalty Corp. (TSE:AD) Director E. Mitchell Shier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$18.44, for a total transaction of C$46,100.00.
Shares of Alaris Royalty Corp. (TSE AD) traded down C$0.04 during mid-day trading on Tuesday, reaching C$18.33. 221,806 shares of the company traded hands, compared to its average volume of 120,008. Alaris Royalty Corp. has a 1 year low of C$17.90 and a 1 year high of C$24.39.
A number of equities analysts have recently weighed in on AD shares. National Bank Financial boosted their price objective on shares of Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Scotiabank cut their price objective on shares of Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Raymond James Financial, Inc. cut their price objective on shares of Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating for the company in a research report on Wednesday, November 8th. Finally, CIBC boosted their price objective on shares of Alaris Royalty Corp. from C$20.00 to C$23.00 in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$24.00.
Alaris Royalty Corp. Company Profile
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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