Jamieson Wellness (TSE:JWEL) Shares Down 0.8% – What’s Next?

Jamieson Wellness Inc. (TSE:JWEL)’s share price was down 0.8% during trading on Thursday . The company traded as low as C$34.77 and last traded at C$35.00. Approximately 14,091 shares changed hands during trading, a decline of 66% from the average daily volume of 41,285 shares. The stock had previously closed at C$35.27.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JWEL shares. TD Securities raised their price objective 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. National Bankshares raised their price target on shares of Jamieson Wellness from C$36.50 to C$42.00 in a research note on Monday, November 25th. Royal Bank of Canada upped their price objective on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their target price on shares of Jamieson Wellness from C$42.00 to C$46.00 in a research report on Thursday, December 19th.

Jamieson Wellness Stock Performance

The company has a fifty day moving average price of C$36.11 and a two-hundred day moving average price of C$33.62. 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 company has a market capitalization of C$1.45 billion, a P/E ratio of 40.70 and a beta of 0.63.

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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 29th. Jamieson Wellness’s payout ratio is presently 97.67%.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Regan Stewart sold 1,637 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$35.67, for a total value of C$58,384.75. In the last ninety days, insiders sold 11,237 shares of company stock worth $407,455. 0.26% of the stock is currently owned by company insiders.

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.