The Rank Group Plc (LON:RNK) Insider Richard Harris Purchases 30,000 Shares

The Rank Group Plc (LON:RNK) insider Richard Harris purchased 30,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 76 ($0.97) per share, with a total value of £22,800 ($29,111.34).

The Rank Group Price Performance

Shares of RNK opened at GBX 76 ($0.97) on Monday. The company has a market capitalization of £356.01 million, a P/E ratio of -380.00, a price-to-earnings-growth ratio of 1.75 and a beta of 2.46. The Rank Group Plc has a twelve month low of GBX 60.40 ($0.77) and a twelve month high of GBX 99.80 ($1.27). The company has a quick ratio of 0.65, a current ratio of 0.44 and a debt-to-equity ratio of 64.63. The firm has a 50 day moving average of GBX 70.98 and a 200 day moving average of GBX 74.29.

The Rank Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be paid a GBX 0.85 ($0.01) dividend. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, September 19th. The Rank Group’s dividend payout ratio is currently -4,000.00%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of The Rank Group in a research note on Thursday.

The Rank Group Company Profile

The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.