Insider Buying: Pason Systems Inc. (PSI) Insider Acquires 30,000 Shares of Stock

Pason Systems Inc. (TSE:PSI) insider Timur Kuru acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of C$13.46 per share, with a total value of C$403,800.00.

Shares of Pason Systems Inc. (PSI) traded down C$0.21 during trading hours on Friday, reaching C$17.06. 233,441 shares of the company were exchanged, compared to its average volume of 124,945. Pason Systems Inc. has a 12-month low of C$16.65 and a 12-month high of C$22.36.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 14th. Pason Systems’s dividend payout ratio (DPR) is 485.71%.

A number of equities research analysts recently issued reports on PSI shares. CIBC decreased their price objective on shares of Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 20th. National Bank Financial cut shares of Pason Systems from an “outperform” rating to a “sector perform” rating and set a C$22.00 price objective for the company. in a report on Wednesday, November 8th.

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Pason Systems Company Profile

Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.

Insider Buying and Selling by Quarter for Pason Systems (TSE:PSI)

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