Clarkson PLC (LON:CKN) Insider Sells £764,999.75 in Stock

Clarkson PLC (LON:CKN) insider Jeff Woyda sold 18,773 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($50.73), for a total value of £764,999.75 ($952,321.36).

Clarkson Stock Up 0.2 %

CKN stock opened at GBX 4,020 ($50.04) on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46. The firm has a market capitalization of £1.23 billion, a PE ratio of 1,467.15 and a beta of 1.16. Clarkson PLC has a 1-year low of GBX 2,500 ($31.12) and a 1-year high of GBX 4,145 ($51.60). The business’s 50 day simple moving average is GBX 3,816.29 and its 200 day simple moving average is GBX 3,304.12.

Clarkson Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be paid a GBX 72 ($0.90) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Clarkson’s previous dividend of $30.00. This represents a yield of 1.96%. Clarkson’s payout ratio is 3,722.63%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Clarkson from GBX 4,080 ($50.79) to GBX 4,320 ($53.78) and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Canaccord Genuity Group boosted their target price on Clarkson from GBX 4,325 ($53.84) to GBX 4,500 ($56.02) and gave the stock a “buy” rating in a report on Tuesday, March 5th.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.