Team Internet Group plc (LON:TIG) Insider Buys £11,200 in Stock

Team Internet Group plc (LON:TIG - Get Free Report) insider Max Royde purchased 8,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of GBX 140 ($1.85) per share, with a total value of £11,200 ($14,769.88).

Team Internet Group Stock Down 1.3 %

TIG traded down GBX 1.80 ($0.02) on Tuesday, hitting GBX 139.20 ($1.84). The company had a trading volume of 450,150 shares, compared to its average volume of 593,230. The company has a market cap of £348.19 million, a PE ratio of 2,018.87 and a beta of 0.66. The business's fifty day simple moving average is GBX 177.47 and its 200 day simple moving average is GBX 160.40. Team Internet Group plc has a 12-month low of GBX 112.34 ($1.48) and a 12-month high of GBX 207.50 ($2.74).

Team Internet Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, August 29th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 0.69%. Team Internet Group's dividend payout ratio is 2,857.14%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on shares of Team Internet Group from GBX 205 ($2.70) to GBX 220 ($2.90) and gave the company a "buy" rating in a research report on Monday, August 12th.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.