Jamieson Wellness (TSE:JWEL) Shares Down 0.2% – Should You Sell?

Jamieson Wellness Inc. (TSE:JWEL)’s share price was down 0.2% during trading on Thursday . The company traded as low as C$33.95 and last traded at C$34.18. Approximately 63,896 shares were traded 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.

Analyst Upgrades and Downgrades

JWEL has been the subject of a number of recent research reports. National Bankshares increased their price target on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th. TD Securities increased their target price on shares of 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 raised their price target on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th.

Jamieson Wellness Trading Down 3.3 %

The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 38.43 and a beta of 0.63. The business’s 50 day moving average price is C$36.02 and its 200-day moving average price is C$34.23. The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08.

Jamieson Wellness Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.21 per share. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 2.54%. Jamieson Wellness’s payout ratio is presently 97.67%.

Insider Transactions at Jamieson Wellness

In related news, Senior Officer Regan Stewart sold 1,637 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$35.67, for a total transaction of C$58,384.75. In the last three months, insiders sold 11,237 shares of company stock valued at $407,455. Corporate insiders own 0.26% of the company’s stock.

About Jamieson Wellness

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.