Insider Buying: Mitie Group plc (LON:MTO) Insider Acquires £149.76 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley bought 128 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were bought at an average price of GBX 117 ($1.49) per share, with a total value of £149.76 ($190.70).

Phillip Bentley also recently made the following trade(s):

• On Monday, May 13th, Phillip Bentley acquired 125 shares of Mitie Group stock. The stock was purchased at an average cost of GBX 119 ($1.52) per share, with a total value of £148.75 ($189.42).

Mitie Group Price Performance

MTO stock opened at GBX 117.40 ($1.49) on Monday. The company has a market cap of £1.50 billion, a price-to-earnings ratio of 1,677.14, a P/E/G ratio of 10.10 and a beta of 1.30. The company has a debt-to-equity ratio of 69.61, a quick ratio of 0.83 and a current ratio of 0.93. The business’s 50-day moving average is GBX 117.94 and its two-hundred day moving average is GBX 107.73. Mitie Group plc has a fifty-two week low of GBX 90.70 ($1.15) and a fifty-two week high of GBX 124.94 ($1.59).

Mitie Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, June 20th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a dividend yield of 2.5%. This is a positive change from Mitie Group’s previous dividend of $1.00. Mitie Group’s dividend payout ratio is presently 4,285.71%.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.