Crown Capital Partners (CRWN) Rating Lowered to Market Perform at BMO Capital Markets

BMO Capital Markets downgraded shares of Crown Capital Partners (TSE:CRWN) from an outperform rating to a market perform rating in a research report released on Wednesday, May 8th, BayStreet.CA reports. They currently have C$9.50 price objective on the stock, down from their prior price objective of C$11.00.

CRWN has been the topic of several other research reports. Raymond James reissued an outperform rating and issued a C$11.50 price objective on shares of Crown Capital Partners in a research note on Tuesday, April 2nd. Acumen Capital reissued a buy rating and issued a C$11.80 price objective on shares of Crown Capital Partners in a research note on Tuesday, February 19th. Cormark cut their price target on shares of Crown Capital Partners from C$12.00 to C$11.00 in a research report on Thursday, March 7th. Finally, National Bank Financial cut their price target on shares of Crown Capital Partners from C$11.00 to C$10.00 and set a sector perform rating on the stock in a research report on Wednesday, May 8th.

Shares of TSE:CRWN traded up C$0.03 during trading on Wednesday, hitting C$8.92. 9,560 shares of the company were exchanged, compared to its average volume of 4,306. The company has a market capitalization of $85.06 million and a PE ratio of 39.47. The company has a debt-to-equity ratio of 12.65, a quick ratio of 7.97 and a current ratio of 7.98. Crown Capital Partners has a 1-year low of C$8.50 and a 1-year high of C$10.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 6.73%. Crown Capital Partners’s dividend payout ratio (DPR) is 265.49%.

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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