Martin James Glanfield Buys 129,624 Shares of Mercia Asset Management PLC (LON:MERC) Stock

Mercia Asset Management PLC (LON:MERC) insider Martin James Glanfield bought 129,624 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 27 ($0.34) per share, for a total transaction of £34,998.48 ($43,682.58).

Mercia Asset Management Trading Up 0.9 %

MERC stock opened at GBX 26.74 ($0.33) on Wednesday. The company has a market capitalization of £115.33 million, a price-to-earnings ratio of -1,337.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. Mercia Asset Management PLC has a 1-year low of GBX 26 ($0.32) and a 1-year high of GBX 37 ($0.46). The business has a 50 day simple moving average of GBX 28.77 and a two-hundred day simple moving average of GBX 31.36.

Mercia Asset Management (LON:MERC) last issued its earnings results on Tuesday, November 26th. The company reported GBX 0.41 ($0.01) earnings per share for the quarter. Mercia Asset Management had a negative net margin of 24.92% and a negative return on equity of 3.87%. Research analysts anticipate that Mercia Asset Management PLC will post 0.9368771 EPS for the current fiscal year.

Mercia Asset Management Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a GBX 0.37 ($0.00) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, December 5th. Mercia Asset Management’s dividend payout ratio (DPR) is presently -5,000.00%.

About Mercia Asset Management

Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group’s ‘Complete Capital Solution’. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.