Insider Buying: Coats Group plc (LON:COA) Insider Acquires 148,600 Shares of Stock

Coats Group plc (LON:COA) insider David Gosnell acquired 148,600 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of GBX 68 ($0.88) per share, with a total value of £101,048 ($130,250.06).

Coats Group Trading Down 1.2 %

Shares of COA traded down GBX 0.80 ($0.01) during mid-day trading on Monday, reaching GBX 67.70 ($0.87). The company had a trading volume of 21,475,064 shares, compared to its average volume of 6,304,707. Coats Group plc has a fifty-two week low of GBX 64.80 ($0.84) and a fifty-two week high of GBX 104.20 ($1.34). The firm has a fifty day simple moving average of GBX 86.10 and a 200-day simple moving average of GBX 92.21. The stock has a market cap of £1.36 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51.

Coats Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be issued a $0.02 dividend. This represents a dividend yield of 2.01%. This is an increase from Coats Group’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, May 1st. Coats Group’s dividend payout ratio (DPR) is 67.23%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 135 ($1.74) price target on shares of Coats Group in a report on Thursday, March 6th.

Coats Group Company Profile

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.