Cavendish Financial (LON:CAV) Shares Up 6.8% After Insider Buying Activity

Cavendish Financial plc (LON:CAV)’s stock price shot up 6.8% on Thursday following insider buying activity. The stock traded as high as GBX 10.50 and last traded at GBX 10.15. 1,102,080 shares traded hands during mid-day trading, an increase of 138% from the average session volume of 463,235 shares. The stock had previously closed at GBX 9.50.

Specifically, insider Lisa Gordon purchased 450,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of GBX 10 per share, with a total value of £45,000.

Cavendish Financial Trading Up 6.8%

The company has a market cap of £34.08 million, a price-to-earnings ratio of 25.38 and a beta of 1.23. The company has a fifty day moving average price of GBX 10.20 and a two-hundred day moving average price of GBX 11.56.

Cavendish Financial (LON:CAV) last issued its earnings results on Thursday, October 30th. The company reported GBX 0.40 EPS for the quarter. Cavendish Financial had a negative return on equity of 8.98% and a negative net margin of 7.44%. Sell-side analysts anticipate that Cavendish Financial plc will post 1.048913 EPS for the current fiscal year.

About Cavendish Financial

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.