Acumen Capital Reaffirms Buy Rating for Crown Capital Partners (CRWN)

Acumen Capital reissued their buy rating on shares of Crown Capital Partners (TSE:CRWN) in a research report report published on Tuesday. Acumen Capital currently has a C$11.80 target price on the stock.

CRWN has been the subject of several other reports. BMO Capital Markets dropped their price objective on shares of Crown Capital Partners from C$11.50 to C$11.00 and set an outperform rating for the company in a research note on Monday, January 14th. Raymond James reaffirmed an outperform rating and set a C$11.50 price objective on shares of Crown Capital Partners in a research note on Monday, February 11th. Finally, National Bank Financial reaffirmed a sector perform rating and set a C$11.00 price objective on shares of Crown Capital Partners in a research note on Wednesday, November 28th.

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TSE CRWN opened at C$10.00 on Tuesday. The company has a quick ratio of 3.05, a current ratio of 4.26 and a debt-to-equity ratio of 15.66. The firm has a market cap of $97.89 million and a price-to-earnings ratio of 14.27. Crown Capital Partners has a 52 week low of C$9.01 and a 52 week high of C$10.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 6.00%. Crown Capital Partners’s dividend payout ratio (DPR) is currently 82.74%.

In other news, insider Alan Macdonald Rowe bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The shares were purchased at an average price of C$9.00 per share, for a total transaction of C$180,000.00. Following the completion of the transaction, the insider now directly owns 84,924 shares in the company, valued at C$764,316.

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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