Clarkson PLC (LON:CKN) Insider Laurence Hollingworth Purchases 6,000 Shares

Clarkson PLC (LON:CKN) insider Laurence Hollingworth purchased 6,000 shares of Clarkson stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of GBX 2,965 ($39.39) per share, with a total value of £177,900 ($236,349.14).

Clarkson Price Performance

Shares of LON:CKN opened at GBX 2,995 ($39.79) on Friday. The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 8.45. The firm has a market capitalization of £922.59 million, a PE ratio of 11.15 and a beta of 1.12. Clarkson PLC has a twelve month low of GBX 2,630 ($34.94) and a twelve month high of GBX 4,675 ($62.11). The company has a 50-day moving average price of GBX 3,541.24 and a two-hundred day moving average price of GBX 3,821.66.

Clarkson (LON:CKN) last issued its earnings results on Monday, March 10th. The company reported GBX 286.90 ($3.81) earnings per share for the quarter. Clarkson had a net margin of 13.10% and a return on equity of 17.96%. Equities analysts forecast that Clarkson PLC will post 283.011583 EPS for the current year.

Clarkson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be given a GBX 77 ($1.02) dividend. This is a positive change from Clarkson’s previous dividend of $32.00. This represents a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 8th. Clarkson’s dividend payout ratio (DPR) is 38.70%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CKN shares. Berenberg Bank reduced their price target on shares of Clarkson from GBX 5,075 ($67.42) to GBX 4,800 ($63.77) and set a “buy” rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group reduced their price target on shares of Clarkson from GBX 4,500 ($59.78) to GBX 4,000 ($53.14) and set a “buy” rating for the company in a research report on Wednesday, March 12th.

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.