K-Bro Linen Inc (TSE:KBL) Insider Sells C$71,687.00 in Stock

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K-Bro Linen Inc (TSE:KBL) insider Ronald James Graham sold 1,900 shares of K-Bro Linen stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of C$37.73, for a total value of C$71,687.00.

Ronald James Graham also recently made the following trade(s):

  • On Friday, September 21st, Ronald James Graham sold 5,117 shares of K-Bro Linen stock. The stock was sold at an average price of C$37.54, for a total value of C$192,092.18.

KBL stock traded up C$0.01 during midday trading on Friday, hitting C$38.22. 23,000 shares of the company’s stock were exchanged, compared to its average volume of 17,676. K-Bro Linen Inc has a one year low of C$33.04 and a one year high of C$43.04.

K-Bro Linen (TSE:KBL) last posted its earnings results on Monday, August 13th. The company reported C$0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.08. The firm had revenue of C$60.74 million for the quarter, compared to analyst estimates of C$59.00 million. K-Bro Linen had a return on equity of 7.97% and a net margin of 7.84%.

The company also recently declared a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%.

Separately, Cormark reiterated a “market perform” rating and set a C$38.00 target price on shares of K-Bro Linen in a report on Friday, July 27th.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. It provides laundry and linen services for sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other linen.

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Insider Buying and Selling by Quarter for K-Bro Linen (TSE:KBL)

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