Gamma Communications plc (LON:GAMA) Insider Andrew Belshaw Sells 16,015 Shares

Gamma Communications plc (LON:GAMA) insider Andrew Belshaw sold 16,015 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of GBX 1,313 ($16.49), for a total transaction of £210,276.95 ($264,133.84).

Gamma Communications Price Performance

GAMA stock traded down GBX 8 ($0.10) during mid-day trading on Tuesday, hitting GBX 1,308 ($16.43). The company had a trading volume of 244,375 shares, compared to its average volume of 190,736. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 2,389.09, a P/E/G ratio of 2.79 and a beta of 0.73. Gamma Communications plc has a 12-month low of GBX 980.10 ($12.31) and a 12-month high of GBX 1,418 ($17.81). The company has a quick ratio of 2.45, a current ratio of 2.92 and a debt-to-equity ratio of 3.40. The company has a 50-day moving average price of GBX 1,284.24 and a 200 day moving average price of GBX 1,169.76.

Gamma Communications Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 11.40 ($0.14) per share. This represents a dividend yield of 0.84%. This is a boost from Gamma Communications’s previous dividend of $5.70. The ex-dividend date of this dividend is Thursday, May 30th. Gamma Communications’s dividend payout ratio is currently 3,090.91%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research note on Monday, March 25th.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.