Core-Mark (CORE) Director Purchases $91,700.00 in Stock

Core-Mark (NASDAQ:CORE) Director Gary F. Colter acquired 5,000 shares of Core-Mark stock in a transaction that occurred on Tuesday, May 22nd. The shares were purchased at an average cost of $18.34 per share, with a total value of $91,700.00. Following the completion of the acquisition, the director now owns 119,473 shares of the company’s stock, valued at approximately $2,191,134.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Core-Mark stock opened at $18.45 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.81. The firm has a market cap of $841.85 million, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.18 and a beta of 0.59. Core-Mark has a fifty-two week low of $17.10 and a fifty-two week high of $38.20.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings results on Tuesday, May 8th. The business services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.80 billion. Core-Mark had a return on equity of 8.47% and a net margin of 0.19%. Core-Mark’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. research analysts anticipate that Core-Mark will post 1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, May 23rd. Core-Mark’s payout ratio is 40.00%.

Several brokerages recently issued reports on CORE. Zacks Investment Research raised Core-Mark from a “sell” rating to a “hold” rating in a report on Friday, March 9th. BidaskClub cut Core-Mark from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. ValuEngine cut Core-Mark from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Stephens set a $23.00 price objective on Core-Mark and gave the stock a “hold” rating in a report on Friday, March 2nd. Finally, BMO Capital Markets set a $23.00 price objective on Core-Mark and gave the stock a “hold” rating in a report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.83.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Core-Mark by 1.5% during the first quarter. BlackRock Inc. now owns 5,894,801 shares of the business services provider’s stock worth $125,323,000 after buying an additional 84,632 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Core-Mark by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,174,430 shares of the business services provider’s stock worth $46,228,000 after buying an additional 153,074 shares in the last quarter. Royce & Associates LP increased its position in Core-Mark by 36.9% during the fourth quarter. Royce & Associates LP now owns 1,101,102 shares of the business services provider’s stock worth $34,773,000 after buying an additional 296,580 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Core-Mark by 0.6% during the first quarter. Thrivent Financial for Lutherans now owns 1,013,666 shares of the business services provider’s stock worth $21,550,000 after buying an additional 6,342 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Core-Mark by 81.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,007,324 shares of the business services provider’s stock worth $31,811,000 after buying an additional 452,301 shares in the last quarter. 94.89% of the stock is owned by institutional investors.

Core-Mark Company Profile

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

Insider Buying and Selling by Quarter for Core-Mark (NASDAQ:CORE)

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