Headlam Group (LON:HEAD) Stock Price Up 13.2% After Insider Buying Activity

Shares of Headlam Group plc (LON:HEAD) were up 13.2% on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 94 ($1.25) and last traded at GBX 92.40 ($1.23). Approximately 340,877 shares were traded during mid-day trading, an increase of 350% from the average daily volume of 75,733 shares. The stock had previously closed at GBX 81.60 ($1.08).

Specifically, insider Jemima Bird bought 12,117 shares of Headlam Group stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of GBX 82 ($1.09) per share, for a total transaction of £9,935.94 ($13,181.14).

Headlam Group Price Performance

The stock has a market cap of £72.95 million, a P/E ratio of -5.98 and a beta of 1.42. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58. The company’s fifty day simple moving average is GBX 92.60 and its 200-day simple moving average is GBX 118.37.

Headlam Group (LON:HEAD) last posted its earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.46)) earnings per share for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. As a group, sell-side analysts forecast that Headlam Group plc will post 7.3753605 EPS for the current year.

Headlam Group Company Profile

Headlam is the UK’s leading floorcovering distributor. Operating for over 30 years, the Company has expanded to a network of c. 2,030 people, 17 distribution branches, and 76 trade counters.

The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products to the large and diverse trade customer base.

The Company has an extensive customer base spanning independent and multiple retailers, small and large contractors, and house builders.