Crown Capital Partners (TSE:CRWN) Price Target Cut to C$9.00

Crown Capital Partners (TSE:CRWN) had its price objective trimmed by Raymond James from C$9.50 to C$9.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other research firms have also issued reports on CRWN. BMO Capital Markets lowered Crown Capital Partners from an outperform rating to a market perform rating and dropped their target price for the stock from C$11.00 to C$9.50 in a report on Wednesday, May 8th. National Bank Financial dropped their target price on Crown Capital Partners from C$10.00 to C$8.00 and set a sector perform rating on the stock in a report on Friday, August 9th.

CRWN opened at C$7.41 on Wednesday. Crown Capital Partners has a 52-week low of C$7.40 and a 52-week high of C$10.48. The firm has a market capitalization of $71.06 million and a PE ratio of 29.17. The company has a debt-to-equity ratio of 19.65, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is C$8.05 and its 200 day simple moving average is C$9.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 8.10%. Crown Capital Partners’s dividend payout ratio is 236.22%.

In other Crown Capital Partners news, insider Crown Capital Partners Inc. acquired 14,364 shares of the company’s stock in a transaction on Friday, June 28th. The shares were purchased at an average price of C$8.58 per share, for a total transaction of C$123,210.08. Following the completion of the purchase, the insider now directly owns 14,364 shares of the company’s stock, valued at C$123,210.08.

About Crown Capital Partners

Crown Capital Partners Inc is a private equity firm specializing in acquisitions, special situations, management and leveraged buyouts, recapitalizations, mezzanine, bridge loans, and growth capital investments in private and public middle market companies. The firm also provides leveraged working capital loan and also invests in the form of royalties.

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