Callidus Capital Co. (CBL) PT Lowered to C$10.00 at National Bank Financial

Callidus Capital Co. (TSE:CBL) had its price objective reduced by National Bank Financial from C$11.00 to C$10.00 in a report released on Wednesday. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Callidus Capital’s Q4 2017 earnings at $0.09 EPS and FY2018 earnings at $0.23 EPS.

Separately, Canaccord Genuity lowered their price objective on Callidus Capital from C$13.50 to C$11.50 in a research note on Monday, August 14th.

Callidus Capital (CBL) opened at C$10.08 on Wednesday. Callidus Capital has a one year low of C$9.30 and a one year high of C$20.89.

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The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date is Wednesday, November 29th. Callidus Capital’s payout ratio is -49.76%.

In other Callidus Capital news, insider Joseph C. Lewis purchased 4,900 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of C$10.16 per share, for a total transaction of C$49,784.00. Also, insider Joseph C. Lewis purchased 9,700 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was acquired at an average price of C$9.83 per share, with a total value of C$95,351.00. Insiders have acquired 70,300 shares of company stock valued at $710,802 in the last quarter.

Callidus Capital Company Profile

Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.

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