Insider Buying: GB Group plc (LON:GBG) Insider Purchases 20,000 Shares of Stock

GB Group plc (LON:GBG) insider Dev Dhiman bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of GBX 338 ($4.28) per share, with a total value of £67,600 ($85,504.68).

GB Group Stock Down 0.8 %

GBG stock opened at GBX 337 ($4.26) on Tuesday. The stock’s fifty day simple moving average is GBX 330.49 and its two-hundred day simple moving average is GBX 292.59. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 19.75. The stock has a market cap of £851.26 million, a P/E ratio of -488.41, a P/E/G ratio of 173.40 and a beta of 0.19. GB Group plc has a 1-year low of GBX 202.80 ($2.57) and a 1-year high of GBX 357 ($4.52).

GB Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 20th will be issued a dividend of GBX 4.20 ($0.05) per share. This represents a yield of 1.21%. This is a positive change from GB Group’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, June 20th. GB Group’s dividend payout ratio is -579.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 395 ($5.00) price target on shares of GB Group in a research note on Wednesday, June 12th.

GB Group Company Profile

GB Group plc, together with its subsidiaries, provides digital identity products and services in the United Kingdom, the United States of America, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. It provides identity products comprising ID3global, an identity verification, IDscan, a ID document verification, IDscan core, a personalized document verification, Scannet, a venue ID verification, investigate, a search subject analysis, and ProID, a no-code industry verification solution.