Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 324.50 ($4.19) and last traded at GBX 328 ($4.23), with a volume of 3514362 shares trading hands. The stock had previously closed at GBX 353.50 ($4.56).
Analyst Ratings Changes
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 700 ($9.03) price target on shares of Conduit in a research report on Monday.
Get Our Latest Analysis on Conduit
Conduit Stock Performance
The stock has a market cap of £662.45 million, a price-to-earnings ratio of 3.11 and a beta of 0.52. The company's 50 day simple moving average is GBX 399.53 and its two-hundred day simple moving average is GBX 462.52.
Conduit Dividend Announcement
The business also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be paid a $0.18 dividend. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit's dividend payout ratio (DPR) is presently 26.41%.
Insider Buying and Selling
In other Conduit news, insider Elaine Whelan purchased 58,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of GBX 341 ($4.40) per share, for a total transaction of £199,485 ($257,333.59). Also, insider Trevor Carvey purchased 10,000 shares of the business's stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of GBX 384 ($4.95) per share, for a total transaction of £38,400 ($49,535.60). Over the last ninety days, insiders bought 170,416 shares of company stock worth $59,205,924. Corporate insiders own 6.19% of the company's stock.
About Conduit
(
Get Free Report)
Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.
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