MJ Gleeson plc (LON:GLE) Insider Stefan Allanson Sells 10,532 Shares

MJ Gleeson plc (LON:GLE) insider Stefan Allanson sold 10,532 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 620 ($8.10), for a total value of £65,298.40 ($85,268.22).

MJ Gleeson Trading Up 1.6 %

Shares of LON:GLE traded up GBX 10 ($0.13) during midday trading on Friday, reaching GBX 636 ($8.31). The company’s stock had a trading volume of 23,061 shares, compared to its average volume of 66,990. The firm has a market cap of £371.30 million, a price-to-earnings ratio of 1,896.97 and a beta of 1.14. The business has a 50 day moving average price of GBX 603.54 and a 200 day moving average price of GBX 562.97. MJ Gleeson plc has a 1 year low of GBX 386 ($5.04) and a 1 year high of GBX 645 ($8.42). 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 Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 643 ($8.40) price objective on shares of MJ Gleeson in a research note 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.