Clairvest Group (TSE:CVG) Hits New 52-Week High – Still a Buy?

Clairvest Group Inc. (TSE:CVG)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$87.00 and last traded at C$87.00, with a volume of 100 shares. The stock had previously closed at C$85.50.

Clairvest Group Price Performance

The business has a fifty day moving average of C$82.78 and a 200-day moving average of C$77.71. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 8.58 and a beta of -0.00.

Clairvest Group (TSE:CVG) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$2.08 earnings per share for the quarter. Clairvest Group had a net margin of 81.94% and a return on equity of 11.06%. The company had revenue of C$46.77 million during the quarter.

Insider Activity at Clairvest Group

In other Clairvest Group news, insider James Miller bought 310 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were acquired at an average cost of C$85.00 per share, for a total transaction of C$26,350.00. Following the acquisition, the insider directly owned 2,175 shares of the company’s stock, valued at C$184,875. This trade represents a 16.62% increase in their ownership of the stock. 82.27% of the stock is owned by insiders.

Clairvest Group Company Profile

Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $4.6 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 74 different platform companies and generated top quartile performance over an extended period.