CLS Holdings plc (LON:CLI) Insider Fredrik Widlund Acquires 41,669 Shares of Stock

CLS Holdings plc (LON:CLI) insider Fredrik Widlund purchased 41,669 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of GBX 63 ($0.85) per share, with a total value of £26,251.47 ($35,489.35).

CLS Trading Down 0.6%

CLI opened at GBX 62.90 ($0.85) on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 123.30. The stock has a market capitalization of £250.65 million, a PE ratio of -1.21 and a beta of 1.01. CLS Holdings plc has a 1-year low of GBX 56.80 ($0.77) and a 1-year high of GBX 101.40 ($1.37). The firm has a 50-day moving average price of GBX 62.17 and a two-hundred day moving average price of GBX 71.30.

CLS (LON:CLI) last posted its quarterly earnings results on Tuesday, April 1st. The company reported GBX (23.60) (($0.32)) earnings per share for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. As a group, equities analysts anticipate that CLS Holdings plc will post 10.0104167 earnings per share for the current fiscal year.

CLS Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of GBX 2.68 ($0.04) per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 4.17%. This is a boost from CLS’s previous dividend of $2.60. CLS’s payout ratio is currently -15.42%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 114 ($1.54) price target on shares of CLS in a report on Tuesday, April 1st.

About CLS

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants’ businesses to grow.