Latest news with #DLCG
Yahoo
05-07-2025
- Business
- Yahoo
With 54% ownership, Dominion Lending Centres Inc. (TSE:DLCG) insiders have a lot riding on the company's future
Insiders appear to have a vested interest in Dominion Lending Centres' growth, as seen by their sizeable ownership 50% of the business is held by the top 2 shareholders Institutional ownership in Dominion Lending Centres is 22% This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. A look at the shareholders of Dominion Lending Centres Inc. (TSE:DLCG) can tell us which group is most powerful. With 54% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). With such a notable stake in the company, insiders would be highly incentivised to make value accretive decisions. In the chart below, we zoom in on the different ownership groups of Dominion Lending Centres. View our latest analysis for Dominion Lending Centres Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Dominion Lending Centres. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Dominion Lending Centres, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Dominion Lending Centres. With a 26% stake, CEO Gary Mauris is the largest shareholder. In comparison, the second and third largest shareholders hold about 25% and 19% of the stock. Interestingly, the second-largest shareholder, Chris Kayat is also Top Key Executive, again, pointing towards strong insider ownership amongst the company's top shareholders. A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own the majority of Dominion Lending Centres Inc.. This means they can collectively make decisions for the company. That means they own CA$366m worth of shares in the CA$677m company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently. The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand Dominion Lending Centres better, we need to consider many other factors. To that end, you should learn about the 2 warning signs we've spotted with Dominion Lending Centres (including 1 which is potentially serious) . If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
02-06-2025
- Business
- Yahoo
Dominion Lending Centres Inc. Launches Normal Course Issuer Bid and Automatic Share Purchase Plan
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLCG" or the "Corporation") is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Company's new normal course issuer bid (NCIB) to purchase, for cancellation, up to 2,100,000 of its outstanding class "A" common shares ("Common Shares"). "While our top priority remains utilizing our excess capital to pursue accretive growth investments, we are instituting an NCIB in order to have the ability to opportunistically acquire Common Shares to enhance shareholder value. The NCIB is intended to augment our existing capital allocation strategy, namely our established dividend program, as well as our primary focus of pursing growth" said Gary Mauris, Co-Founder and Chief Executive Officer." Purchases under the NCIB may be made through the facilities of the TSX and alternative Canadian trading systems, commencing on June 5, 2025 and continuing until June 4, 2026, when the bid expires, or such earlier date on which the Company has either acquired the maximum number of Common Shares allowable under the NCIB or otherwise decides not to make any further repurchases under the NCIB. The maximum number of Common Shares that DLCG may repurchase for cancellation represents approximately 2.67% of the 78,724,438 Common Shares issued and outstanding as at June 2, 2025. The Corporation's NCIB is intended to provide an additional capital allocation tool to supplement its dividend program as a means of returning capital to shareholders. Repurchases of Common Shares pursuant to the NCIB are expected to be opportunistic and will be predicated upon maintaining a strong balance sheet, performance of the business, and the availability and attractiveness of alternative capital investment opportunities. The price that DLCG will pay for Common Shares in open market transactions will be the market price at the time of purchase and Common Shares purchased under the NCIB will be cancelled. The actual number of Common Shares purchased under the NCIB, the timing of purchases, and the price at which the Common Shares are acquired will depend upon future market conditions. The NCIB will be effected in accordance with the TSX's NCIB rules, which contain restrictions on the number of Common Shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of DLCG's Common Shares on the applicable exchange. Subject to exceptions for block purchases, DLCG will limit daily purchases of Common Shares on the TSX in connection with the NCIB to no more than 19,408 Common Shares during any trading day (as required by TSX rules) based on DLCG's average daily trading volume of 77,635 for the six-month period ended May 31, 2025. The Company will also enter into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of Common Shares under the NCIB. The ASPP will facilitate purchases under the NCIB as it will allow for purchases of Common Shares to be made at times when the Company would ordinarily not be permitted to make purchases, whether due to regulatory restriction or customary self-imposed blackout periods. Under the ASPP, the Company's broker may purchase Common Shares from the effective date of the ASPP until the end of the NCIB. The ASPP will facilitate purchases of Common Shares under the NCIB by authorizing the Company's broker to make purchases at its sole discretion based on parameters set by the Company in accordance with TSX rules, applicable law and the terms of the ASPP. Outside of periods that the Company is restricted from purchasing Common Shares pursuant to insider trading rules or its own internal trading blackout policies, Common Shares may also be purchased based on management's discretion, in compliance with TSX rules and applicable law. All purchases of Common Shares made under the ASPP will be included in determining the number of Common Shares purchased under the NCIB. About Dominion Lending Centres Inc. Dominion Lending Centres Inc. is Canada's leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,600 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat. DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at Investor Contact: Eddy Cocciollo James Bell President EVP, Corporate and Chief Legal Officer 647-403-7320 403-560-0821 eddy@ jbell@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Dominion Lending Centres Inc. Increases Quarterly Dividend to $0.04 per Common Shares
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLCG" or the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend of $0.04 per class "A" common share, representing an increase of 33%. The quarterly dividend is equivalent to $0.16 per share on an annualized basis, up from $0.12 per share in 2024. "We are pleased to announce an increase in our quarterly dividend," said Gary Mauris, Chairman and CEO of DLCG. "The increase is reflective of our ongoing commitment to delivering value to our shareholders and is supported by our solid balance sheet, strong free cash flow generation and positive long-term growth outlook for DLCG." The dividend is payable on June 13, 2025, to shareholders of record as of May 30, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Dominion Lending Centres Inc. Dominion Lending Centres Inc. is Canada's leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat. DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at Investor Contact: Eddy Cocciollo James Bell President EVP, Corporate and Chief Legal Officer 647-403-7320 403-560-0821 eddy@ jbell@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
