Insider Buying: Callidus Capital Corp (CBL) Insider Acquires 1,900 Shares of Stock

Callidus Capital Corp (TSE:CBL) insider Joseph C. Lewis purchased 1,900 shares of the stock in a transaction dated Wednesday, January 17th. The shares were bought at an average cost of C$10.11 per share, for a total transaction of C$19,209.00.

Shares of Callidus Capital Corp (CBL) traded down C$0.01 during midday trading on Monday, reaching C$10.00. 14,847 shares of the company were exchanged, compared to its average volume of 23,173. The firm has a market cap of $506.50, a PE ratio of -4.74 and a beta of 1.69. Callidus Capital Corp has a 12-month low of C$9.30 and a 12-month high of C$20.00.

Callidus Capital (TSE:CBL) last issued its quarterly earnings data on Monday, November 13th. The company reported C($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.45). Callidus Capital had a negative net margin of 26.65% and a negative return on equity of 18.91%.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 20th. Investors of record on Wednesday, January 31st will be paid a $0.101 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 12.12%. This is a boost from Callidus Capital’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, January 30th. Callidus Capital’s dividend payout ratio is presently -52.13%.

Separately, National Bank Financial lowered their price objective on shares of Callidus Capital from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th.

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About Callidus Capital

Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.

Insider Buying and Selling by Quarter for Callidus Capital (TSE:CBL)

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