Insider Selling: Adairs Limited (ASX:ADH) Insider Sells 40,000 Shares of Stock

Adairs Limited (ASX:ADH) insider Mark Ronan sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of A$2.61 ($1.72), for a total transaction of A$104,280.00 ($68,605.26).

Adairs Stock Performance

The company has a debt-to-equity ratio of 123.63, a quick ratio of 0.27 and a current ratio of 0.81.

Adairs Cuts Dividend

The firm also recently disclosed a Final dividend, which was paid on Monday, October 7th. Investors of record on Monday, October 7th were issued a $0.07 dividend. This represents a dividend yield of 3.75%. The ex-dividend date was Tuesday, September 10th. Adairs’s payout ratio is 77.78%.

About Adairs

Adairs Limited operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand. It operates through three segments: Adairs, Mocka and Focus. The company offers bedroom products, such as bedlinen, bedding, and bedroom furniture and accessories; bathroom and laundry products, consisting of towels, bath mats and runners, bathrobes and slippers, bathroom accessories, and laundry and home care products, as well as beach and kids beach towels; furniture products, such as bedroom, office, living room, outdoor, and kids furniture; home and outdoor comprising home styling, home care and gifting, pets, outdoor, storage, and kitchen products; kid's products, including kids bedlinen, bedding, décor, bathroom, furniture, christmas, and nursery; as well as gifting products and kid collection.