Macfarlane Group PLC (LON:MACF) Insider Ivor Gray Sells 65,011 Shares of Stock

Macfarlane Group PLC (LON:MACF) insider Ivor Gray sold 65,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of GBX 110 ($1.39), for a total value of £71,512.10 ($90,315.86).

Macfarlane Group Price Performance

Shares of LON MACF opened at GBX 110 ($1.39) on Thursday. Macfarlane Group PLC has a twelve month low of GBX 85.20 ($1.08) and a twelve month high of GBX 121 ($1.53). The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 40.91. The stock has a 50 day moving average of GBX 110.14 and a two-hundred day moving average of GBX 108.84. The stock has a market cap of £174.85 million, a P/E ratio of 1,100.00 and a beta of 0.86.

Macfarlane Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be paid a dividend of GBX 0.94 ($0.01) per share. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, September 14th. Macfarlane Group’s dividend payout ratio (DPR) is presently 3,000.00%.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Tuesday.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.