Mullen Group Ltd. (TSE:MTL) Senior Officer Buys C$26,460.00 in Stock

Mullen Group Ltd. (TSE:MTL) Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00.

Mullen Group Price Performance

TSE MTL traded down C$0.12 on Thursday, hitting C$13.27. 133,776 shares of the company’s stock were exchanged, compared to its average volume of 236,334. Mullen Group Ltd. has a 52 week low of C$12.47 and a 52 week high of C$16.06. The stock has a 50-day moving average of C$14.45 and a 200-day moving average of C$14.64. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.33%. Mullen Group’s dividend payout ratio (DPR) is currently 60.92%.

Wall Street Analyst Weigh In

Several research firms have commented on MTL. Scotiabank cut their target price on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark lowered their price target on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. Raymond James reduced their price objective on shares of Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Finally, National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.84.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.