Insider Selling: ADENTRA Inc. (TSE:ADEN) Senior Officer Sells $302,328.00 in Stock

ADENTRA Inc. (TSE:ADEN) Senior Officer Daniel Brian Figgins sold 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $38.76, for a total value of $302,328.00.

Daniel Brian Figgins also recently made the following trade(s):

• On Wednesday, September 11th, Daniel Brian Figgins sold 1,100 shares of ADENTRA stock. The shares were sold at an average price of $39.06, for a total value of $42,965.12.

ADENTRA Stock Down 2.1 %

Shares of ADENTRA stock opened at $41.60 on Monday. The firm has a market cap of $1.04 billion, a PE ratio of 15.70 and a beta of 1.57. ADENTRA Inc. has a 52 week low of $24.64 and a 52 week high of $45.25. The business’s fifty day simple moving average is $40.57 and its 200-day simple moving average is $34.40.

ADENTRA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 26th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Monday, July 15th. ADENTRA’s dividend payout ratio (DPR) is presently 21.13%.

Analyst Ratings Changes

Several brokerages have issued reports on ADEN. Cormark lifted their target price on shares of ADENTRA from C$51.50 to C$56.50 in a research note on Tuesday, July 30th. Acumen Capital upped their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. National Bankshares increased their price objective on shares of ADENTRA from C$53.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Stifel Nicolaus boosted their target price on ADENTRA from C$50.00 to C$55.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Scotiabank increased their price target on ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $55.14.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.