Atrium Mortgage Investment Co. (TSE:AI) Director Buys C$1,120,000.00 in Stock

Atrium Mortgage Investment Co. (TSE:AI) Director Mark Silver purchased 100,000 shares of Atrium Mortgage Investment stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$11.20 per share, for a total transaction of C$1,120,000.00.

Mark Silver also recently made the following trade(s):

• On Friday, October 4th, Mark Silver bought 2,854 shares of Atrium Mortgage Investment stock. The stock was bought at an average cost of C$11.45 per share, with a total value of C$32,678.30.

Atrium Mortgage Investment Trading Up 0.4 %

Shares of AI opened at C$11.26 on Friday. The stock’s fifty day simple moving average is C$11.33 and its 200-day simple moving average is C$11.18. The firm has a market capitalization of C$501.30 million, a PE ratio of 10.82 and a beta of 1.21. Atrium Mortgage Investment Co. has a 12-month low of C$9.95 and a 12-month high of C$12.00. The company has a quick ratio of 102.54, a current ratio of 62.51 and a debt-to-equity ratio of 78.58.

Atrium Mortgage Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid a $0.075 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Friday, November 29th. Atrium Mortgage Investment’s dividend payout ratio (DPR) is presently 86.54%.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$13.03 price target on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Tuesday, August 20th.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.