Insider Selling: Vecima Networks (TSE:VCM) Insider Sells C$74,250.00 in Stock

Vecima Networks Inc. (TSE:VCM) insider Colin Howlett sold 5,500 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of C$13.50, for a total transaction of C$74,250.00. Following the completion of the transaction, the insider directly owned 16,158 shares of the company’s stock, valued at approximately C$218,133. The trade was a 25.39% decrease in their ownership of the stock.

Colin Howlett also recently made the following trade(s):

• On Tuesday, October 13th, Colin Howlett sold 300 shares of Vecima Networks stock. The shares were sold at an average price of C$13.50, for a total value of C$4,050.00.
• On Wednesday, October 14th, Colin Howlett sold 4,500 shares of Vecima Networks stock. The stock was sold at an average price of C$13.49, for a total value of C$60,705.00.
• On Friday, October 9th, Colin Howlett sold 1,400 shares of Vecima Networks stock. The stock was sold at an average price of C$13.50, for a total value of C$18,900.00.

Vecima Networks Stock Down 1.0%

VCM traded down C$0.14 on Monday, reaching C$13.42. The company’s stock had a trading volume of 883 shares, compared to its average volume of 4,903. The stock has a market cap of C$326.31 million, a price-to-earnings ratio of 103.23 and a beta of 0.40. Vecima Networks Inc. has a 1 year low of C$9.31 and a 1 year high of C$14.49. The company has a debt-to-equity ratio of 22.55, a current ratio of 1.71 and a quick ratio of 0.83. The business’s 50 day moving average is C$12.61 and its 200 day moving average is C$12.96.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.21 earnings per share for the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. The firm had revenue of C$85.33 million during the quarter. As a group, research analysts forecast that Vecima Networks Inc. will post 1.18 EPS for the current fiscal year.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 9th will be paid a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 16th. Vecima Networks’s payout ratio is 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.