Insider Selling: Mainstreet Equity Corp. (TSE:MEQ) Senior Officer Sells C$66,000.00 in Stock

Mainstreet Equity Corp. (TSE:MEQ) Senior Officer Sheena Keslick sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of C$60.00, for a total transaction of C$66,000.00. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately C$60,000.

Sheena Keslick also recently made the following trade(s):

  • On Tuesday, June 18th, Sheena Keslick sold 100 shares of Mainstreet Equity stock. The stock was sold at an average price of C$56.12, for a total transaction of C$5,612.00.
  • On Wednesday, June 12th, Sheena Keslick sold 500 shares of Mainstreet Equity stock. The stock was sold at an average price of C$56.15, for a total transaction of C$28,075.00.

TSE MEQ opened at C$60.55 on Monday. The company has a debt-to-equity ratio of 134.78, a quick ratio of 0.02 and a current ratio of 0.10. The company has a market cap of $545.66 million and a price-to-earnings ratio of 7.30. The stock’s 50 day moving average price is C$56.05. Mainstreet Equity Corp. has a 52 week low of C$40.45 and a 52 week high of C$60.55.

Mainstreet Equity (TSE:MEQ) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$1.36 EPS for the quarter, topping the consensus estimate of C$0.79 by C$0.57. The firm had revenue of C$33.74 million for the quarter, compared to the consensus estimate of C$31.48 million. Analysts anticipate that Mainstreet Equity Corp. will post 2.86 EPS for the current year.

Separately, TD Securities boosted their price objective on shares of Rogers Communications from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.

Mainstreet Equity Company Profile

Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of mid-market rental apartment buildings in Vancouver lower mainland, Calgary and Southern Alberta, Edmonton, Regina, and Saskatoon.

Read More: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Mainstreet Equity (TSE:MEQ)

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