Insider Buying: Atrium Mortgage Investment Co. (TSE:AI) Director Buys 2,854 Shares of Stock

Atrium Mortgage Investment Co. (TSE:AI) Director Mark Silver purchased 2,854 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average cost of C$11.45 per share, for a total transaction of C$32,678.30.

Mark Silver also recently made the following trade(s):

• On Tuesday, November 19th, Mark Silver bought 100,000 shares of Atrium Mortgage Investment stock. The shares were acquired at an average cost of C$11.20 per share, for a total transaction of C$1,120,000.00.

Atrium Mortgage Investment Trading Up 0.4 %

Atrium Mortgage Investment stock opened at C$11.26 on Friday. Atrium Mortgage Investment Co. has a 12 month low of C$9.95 and a 12 month high of C$12.00. The company has a quick ratio of 102.54, a current ratio of 62.51 and a debt-to-equity ratio of 78.58. The stock has a market cap of C$501.30 million, a P/E ratio of 10.83 and a beta of 1.21. The company’s fifty day simple moving average is C$11.32 and its 200-day simple moving average is C$11.18.

Atrium Mortgage Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.90 dividend on an annualized basis and a yield of 7.99%. Atrium Mortgage Investment’s dividend payout ratio (DPR) is currently 86.54%.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$13.03 price target on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, August 20th.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.