Sarah Ing Purchases 4,000 Shares of Gresham House plc (LON:GHE) Stock

Gresham House plc (LON:GHEGet Rating) insider Sarah Ing bought 4,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was purchased at an average price of GBX 916 ($11.29) per share, for a total transaction of £36,640 ($45,167.65).

Shares of GHE traded up GBX 0.75 ($0.01) during mid-day trading on Wednesday, hitting GBX 915.75 ($11.29). The company had a trading volume of 169,345 shares, compared to its average volume of 30,471. The stock has a market cap of £350.49 million and a PE ratio of 25.99. The company has a quick ratio of 1.43, a current ratio of 1.88 and a debt-to-equity ratio of 1.66. Gresham House plc has a 1-year low of GBX 751 ($9.26) and a 1-year high of GBX 1,020 ($12.57). The business’s 50-day simple moving average is GBX 917.74 and its 200-day simple moving average is GBX 888.93.

The business also recently declared a dividend, which will be paid on Friday, May 27th. Investors of record on Thursday, May 12th will be paid a GBX 10 ($0.12) dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 12th. This is a positive change from Gresham House’s previous dividend of $6.00. Gresham House’s payout ratio is 0.17%.

Several brokerages have recently commented on GHE. JPMorgan Chase & Co. lowered shares of Gresham House to an “underweight” rating in a report on Tuesday, January 25th. Berenberg Bank increased their price objective on shares of Gresham House from GBX 1,250 ($15.41) to GBX 1,275 ($15.72) and gave the company a “buy” rating in a research report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,264 ($15.58).

Gresham House Company Profile (Get Rating)

Gresham House plc is a publicly owned investment manager. It provides its services to individual investors, financial advisers, institutional investors, charities and endowments, family offices, and business owners. Within private equity, it seeks to direct investments in growth capital, early-stage and lower mid-market private companies through both listed and unlisted fund structures.

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