Jamieson Wellness (TSE:JWEL) Trading Down 0.2% - Here's Why

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s share price dropped 0.2% on Thursday . The stock traded as low as C$33.95 and last traded at C$34.18. Approximately 63,896 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 39,977 shares. The stock had previously closed at C$34.25.

Analysts Set New Price Targets

Several equities research analysts have commented on JWEL shares. BMO Capital Markets boosted their price objective on Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. TD Securities boosted their price objective on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their price objective on Jamieson Wellness from C$37.00 to C$38.00 in a research note on Friday, November 8th. Finally, National Bankshares boosted their target price on Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th.

Jamieson Wellness Stock Down 0.5 %

The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08. The business has a fifty day moving average of C$36.02 and a 200 day moving average of C$34.25. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 38.24 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. This is a boost from Jamieson Wellness's previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 29th. Jamieson Wellness's dividend payout ratio is 97.67%.

Insiders Place Their Bets

In other news, Senior Officer Regan Stewart sold 1,300 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$37.84, for a total transaction of C$49,192.00. Insiders have sold 11,237 shares of company stock worth $407,455 over the last ninety days. Corporate insiders own 0.26% of the company's stock.

Jamieson Wellness Company Profile

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.