Callidus Capital Corp (CBL) Shares Down 4%

Shares of Callidus Capital Corp (TSE:CBL) were down 4% during trading on Wednesday . The company traded as low as C$10.47 and last traded at C$10.47. Approximately 29,639 shares traded hands during trading, a decline of 54% from the average daily volume of 64,606 shares. The stock had previously closed at C$10.91.

A number of analysts recently commented on CBL shares. Canaccord Genuity decreased their price target on Callidus Capital Corp from C$13.50 to C$11.50 in a research report on Monday, August 14th. National Bank Financial downgraded Callidus Capital Corp from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$18.00 to C$11.00 in a research report on Thursday, August 17th.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 11.00%.

In related news, insider Joseph C. Lewis bought 5,500 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was acquired at an average cost of C$9.94 per share, for a total transaction of C$54,670.00. Also, insider Joseph C. Lewis bought 3,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were bought at an average price of C$9.92 per share, with a total value of C$29,760.00. Over the last quarter, insiders have acquired 40,700 shares of company stock valued at $407,596.

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Callidus Capital Corp Company Profile

Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.

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