Insider Buying: Atrium Mortgage Investment Co. (TSE:AI) Director Acquires C$32,678.30 in Stock

Atrium Mortgage Investment Co. (TSE:AI) Director Mark Silver purchased 2,854 shares of the company’s stock in a transaction on Friday, October 4th. The shares were purchased 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 purchased 100,000 shares of Atrium Mortgage Investment stock. The shares were purchased at an average cost of C$11.20 per share, for a total transaction of C$1,120,000.00.

Atrium Mortgage Investment Price Performance

TSE:AI opened at C$11.26 on Monday. Atrium Mortgage Investment Co. has a one year low of C$9.95 and a one year high of C$12.00. The company has a market cap of C$501.30 million, a P/E ratio of 10.83 and a beta of 1.21. The firm’s fifty day moving average price is C$11.32 and its two-hundred day moving average price is C$11.18. The company has a debt-to-equity ratio of 78.58, a current ratio of 62.51 and a quick ratio of 102.54.

Atrium Mortgage Investment Dividend Announcement

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

Analysts Set New Price Targets

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 research report on Tuesday, August 20th.

About Atrium Mortgage Investment

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.