Insider Buying: Braemar Plc (LON:BMS) Insider Purchases 10,000 Shares of Stock

Braemar Plc (LON:BMS - Get Free Report) insider James Christopher Duchar Gundy purchased 10,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was bought at an average price of GBX 246 ($3.08) per share, for a total transaction of £24,600 ($30,838.66).

Braemar Trading Up 0.4 %

Shares of LON:BMS traded up GBX 1 ($0.01) on Friday, hitting GBX 242.50 ($3.04). 36,133 shares of the company's stock were exchanged, compared to its average volume of 66,353. The stock has a market capitalization of £74.11 million, a price-to-earnings ratio of 1,865.38 and a beta of 1.17. Braemar Plc has a 12 month low of GBX 235 ($2.95) and a 12 month high of GBX 317.64 ($3.98). The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23. The business's 50 day simple moving average is GBX 271.78 and its two-hundred day simple moving average is GBX 287.77.

Braemar Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, November 21st will be issued a GBX 4.50 ($0.06) dividend. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.7%. Braemar's payout ratio is 10,000.00%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 410 ($5.14) price target on shares of Braemar in a research note on Thursday, September 19th.

Braemar Company Profile

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.