Insider Buying: On the Beach Group plc (LON:OTB) Insider Purchases 3,000,000 Shares of Stock

On the Beach Group plc (LON:OTB - Get Free Report) insider Simon Cooper purchased 3,000,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of GBX 228 ($2.88) per share, for a total transaction of £6,840,000 ($8,633,093.53).

On the Beach Group Price Performance

LON OTB traded down GBX 0.50 ($0.01) during trading hours on Friday, hitting GBX 239 ($3.02). The company had a trading volume of 349,458 shares, compared to its average volume of 635,021. The firm has a 50 day simple moving average of GBX 166.05 and a 200 day simple moving average of GBX 152.10. On the Beach Group plc has a 52 week low of GBX 127.75 ($1.61) and a 52 week high of GBX 244 ($3.08). The firm has a market capitalization of £399.11 million, a price-to-earnings ratio of 2,655.56, a PEG ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be given a GBX 2.10 ($0.03) dividend. This is a positive change from On the Beach Group's previous dividend of $0.90. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, January 30th. On the Beach Group's dividend payout ratio (DPR) is 1,111.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OTB shares. Berenberg Bank reissued a "buy" rating and issued a GBX 180 ($2.27) price objective on shares of On the Beach Group in a report on Tuesday, October 15th. Shore Capital reiterated a "buy" rating on shares of On the Beach Group in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group lowered their price target on shares of On the Beach Group from GBX 220 ($2.78) to GBX 187 ($2.36) and set a "buy" rating on the stock in a research report on Wednesday, October 16th.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.