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In the Canadian market, three small-cap stocks are drawing attention due to their recent insider transactions and unique market positions. These companies span various sectors including real estate, industrials, and banking, each displaying distinct characteristics and financial metrics.
NorthWest Healthcare Properties (TSX:NWH)
NorthWest Healthcare Properties Real Estate Investment Trust, a player in the healthcare real estate sector, manages a portfolio of medical office buildings, clinics, and hospitals. The company holds a market capitalization of approximately CA$2.75 billion. Recent financial reports reveal that NorthWest Healthcare’s revenue totals CA$523.85 million. However, the company has faced volatility in its net income margin, which reported a negative margin of -0.75289% for the quarter ending June 30, 2024. The gross profit margin has seen fluctuations, reaching up to 82.39% in the quarter ending September 30, 2021. The company has declared a monthly distribution of CA$0.03 per unit for August 2024. Despite a reported net loss of CA$122 million for Q2 2024, insider confidence is indicated by Peter Aghar’s purchase of 100,000 shares valued at approximately CA$478,000. The company continues to encounter challenges related to earnings and interest payments but shows a forecasted earnings growth of over 105% annually.
Nexus Industrial REIT (TSX:NXR)
Nexus Industrial REIT operates within the industrial real estate sector, focusing on the acquisition and management of industrial properties. With a market cap of around CA$1.05 billion, the company has reported quarterly revenue of CA$167.21 million. The gross profit margin stands at 71.56%, while the net income margin is notably high at 99.45%. Recent financial data for Q2 2024 indicates an increase in sales to CA$43.91 million, though net income decreased to CA$43.53 million from the previous year's CA$77.22 million. Over a six-month period, sales grew to CA$85.51 million, with net income reaching CA$87.2 million compared to last year's CA$75.9 million and CA$80.94 million respectively. Insider transactions throughout 2024 suggest confidence in the company’s prospects despite some forecasted declines in earnings over the next three years due to one-off items and reliance on external borrowing.
VersaBank (TSX:VBNK)
VersaBank operates as a digital bank, focusing on providing banking and financial technology services. With a market capitalization of about CA$0.35 billion, the bank generates revenue from its Digital Banking segment, contributing CA$104.90 million, and DRTC, which adds CA$10.56 million. The net income margin has fluctuated but reached 40.54% as of April 30, 2024. Operating expenses were recorded at CA$49.53 million during the same period. VersaBank has shown growth, with net income rising to CA$11.83 million in Q2 2024, up from CA$10.26 million the previous year. Basic earnings per share increased to CA$0.45 from CA$0.38. The bank is expanding its operations into the U.S. with the appointment of four senior executives for VersaBank USA, pending final approval. Recent insider purchases within the last six months suggest positive sentiment about the company's future.
