Jamieson Wellness (TSE:JWEL) Stock Price Down 0.2% – What’s Next?

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

Wall Street Analyst Weigh In

JWEL has been the topic of several analyst reports. National Bankshares increased their target price on shares of Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th. Royal Bank of Canada raised their price objective on Jamieson Wellness from C$37.00 to C$38.00 in a research note on Friday, November 8th. TD Securities boosted their target price on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their price target on Jamieson Wellness from C$42.00 to C$46.00 in a research report on Thursday, December 19th.

Jamieson Wellness Stock Performance

The stock has a fifty day simple moving average of C$36.08 and a 200-day simple moving average of C$34.22. The stock has a market cap of C$1.42 billion, a P/E ratio of 39.74 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21.

Jamieson Wellness Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.46%. Jamieson Wellness’s dividend payout ratio (DPR) is presently 97.67%.

Insider Buying and Selling at Jamieson Wellness

In other news, Senior Officer Regan Stewart sold 1,300 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$37.84, for a total value of C$49,192.00. In the last quarter, insiders have sold 11,237 shares of company stock worth $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.