Sean Philip Curtis Sells 7,000 Shares of K-Bro Linen Inc. (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total value of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The shares were sold at an average price of C$39.75, for a total value of C$162,975.00.

K-Bro Linen Trading Up 0.1 %

KBL opened at C$38.55 on Wednesday. The business has a fifty day moving average price of C$35.59 and a 200 day moving average price of C$34.92. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. K-Bro Linen Inc. has a 12 month low of C$30.69 and a 12 month high of C$40.03. The stock has a market capitalization of C$403.23 million, a price-to-earnings ratio of 23.80, a PEG ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Analyst Ratings Changes

Several research firms have recently commented on KBL. TD Securities raised their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th. Stifel Nicolaus increased their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.