MJ Gleeson plc (LON:GLE - Get Free Report) insider Stefan Allanson sold 10,532 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 620 ($8.10), for a total transaction of £65,298.40 ($85,268.22).
MJ Gleeson Price Performance
Shares of MJ Gleeson stock traded up GBX 10 ($0.13) on Friday, hitting GBX 636 ($8.31). The company's stock had a trading volume of 23,000 shares, compared to its average volume of 66,990. The company has a market capitalization of £371.30 million, a price-to-earnings ratio of 1,927.27 and a beta of 1.14. The firm has a fifty day moving average price of GBX 604.46 and a 200-day moving average price of GBX 564.06. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 5.79. MJ Gleeson plc has a 1 year low of GBX 386 ($5.04) and a 1 year high of GBX 645 ($8.42).
MJ Gleeson Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 7 ($0.09) per share. This represents a dividend yield of 1.25%. This is an increase from MJ Gleeson's previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 24th. MJ Gleeson's dividend payout ratio is presently 3,333.33%.
Analyst Ratings Changes
Separately, Berenberg Bank restated a "buy" rating and set a GBX 643 ($8.40) price target on shares of MJ Gleeson in a research report on Wednesday, September 18th.
Check Out Our Latest Report on GLE
MJ Gleeson Company Profile
(
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MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.
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