Christopher H. B. Mills Sells 300,000 Shares of MJ Gleeson plc (LON:GLE) Stock

MJ Gleeson plc (LON:GLE) insider Christopher H. B. Mills sold 300,000 shares of MJ Gleeson stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 610 ($8.16), for a total value of £1,830,000 ($2,447,833.07).

MJ Gleeson Price Performance

Shares of LON GLE opened at GBX 622 ($8.32) on Friday. The company has a market capitalization of £363.12 million, a PE ratio of 1,884.85 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 8.37. MJ Gleeson plc has a twelve month low of GBX 381 ($5.10) and a twelve month high of GBX 645 ($8.63). The firm has a fifty day simple moving average of GBX 595.32 and a 200 day simple moving average of GBX 555.22.

MJ Gleeson Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be given a GBX 7 ($0.09) dividend. The ex-dividend date is Thursday, October 24th. This is a positive change from MJ Gleeson’s previous dividend of $4.00. This represents a dividend yield of 1.25%. MJ Gleeson’s dividend payout ratio (DPR) is 3,333.33%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 643 ($8.60) price target on shares of MJ Gleeson in a report on Wednesday, September 18th.

About MJ Gleeson

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.