Chesswood Group (CHW) Reaches New 1-Year Low at $9.99

Shares of Chesswood Group Ltd (TSE:CHW) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$9.99 and last traded at C$10.10, with a volume of 22850 shares trading hands. The stock had previously closed at C$10.05.

Chesswood Group (TSE:CHW) last posted its quarterly earnings results on Monday, August 13th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$27.01 million during the quarter, compared to analysts’ expectations of C$26.80 million. Chesswood Group had a return on equity of 8.69% and a net margin of 14.16%.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.07 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.84 annualized dividend and a dividend yield of 8.36%.

In other news, Director David Mitchell Aaron Obront sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of C$12.46, for a total value of C$36,134.00. Insiders sold a total of 7,000 shares of company stock valued at $86,593 over the last three months.

Chesswood Group Company Profile (TSE:CHW)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company operates through Equipment Financing – U.S. and Equipment Financing – Canada segments. It offers micro and small-ticket equipment financing to small and medium-sized businesses in the lower 48 states of the United States.

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