Clarkson PLC (LON:CKN) Insider Andi Case Sells 4,678 Shares

Clarkson PLC (LON:CKN) insider Andi Case sold 4,678 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of GBX 4,000 ($50.25), for a total transaction of £187,120 ($235,075.38).

Clarkson Price Performance

LON CKN opened at GBX 3,960 ($49.75) on Friday. Clarkson PLC has a fifty-two week low of GBX 2,500 ($31.41) and a fifty-two week high of GBX 4,145 ($52.07). The stock’s 50-day moving average is GBX 3,965.69 and its two-hundred day moving average is GBX 3,448.85. The firm has a market cap of £1.21 billion, a P/E ratio of 1,445.26 and a beta of 1.16. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.59 and a quick ratio of 1.69.

Clarkson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be issued a dividend of GBX 72 ($0.90) per share. This is a positive change from Clarkson’s previous dividend of $30.00. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 1.96%. Clarkson’s dividend payout ratio is currently 3,722.63%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 4,950 ($62.19) target price on shares of Clarkson in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the company a “buy” rating in a research 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.