Cohort (LON:CHRT) Hits New 52-Week High on Insider Buying Activity

Cohort plc (LON:CHRT)’s share price hit a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 768 ($9.56) and last traded at GBX 742 ($9.24), with a volume of 79106 shares traded. The stock had previously closed at GBX 740 ($9.21).

Specifically, insider Andrew Stephen Thomis sold 2,944 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of GBX 680 ($8.47), for a total value of £20,019.20 ($24,921.20). In related news, insider Peter Lynas bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were acquired at an average price of GBX 545 ($6.78) per share, for a total transaction of £81,750 ($101,767.71). Also, insider Andrew Stephen Thomis sold 2,944 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of GBX 680 ($8.47), for a total value of £20,019.20 ($24,921.20). Insiders have bought a total of 20,550 shares of company stock worth $12,176,286 over the last three months. Corporate insiders own 35.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Cohort in a report on Thursday, March 28th.

Cohort Stock Up 0.3 %

The firm has a market cap of £308.15 million, a P/E ratio of 2,248.48 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.69 and a debt-to-equity ratio of 32.14. The firm has a fifty day moving average of GBX 606.38 and a 200-day moving average of GBX 550.73.

Cohort Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, January 4th were issued a dividend of GBX 4.70 ($0.06) per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a yield of 0.88%. Cohort’s payout ratio is presently 4,242.42%.

Cohort Company Profile

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.