Andrew Alcock Acquires 53,163 Shares of HUB24 (ASX:HUB) Stock

HUB24 Limited (ASX:HUB) insider Andrew Alcock purchased 53,163 shares of HUB24 stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average price of A$101.12 per share, for a total transaction of A$5,375,842.56.

Andrew Alcock also recently made the following trade(s):

• On Friday, August 22nd, Andrew Alcock sold 426,463 shares of HUB24 stock. The stock was sold at an average price of A$106.59, for a total value of A$45,456,691.17.
• On Tuesday, August 26th, Andrew Alcock purchased 270,000 shares of HUB24 stock. The stock was acquired at an average price of A$106.24 per share, for a total transaction of A$28,684,800.00.

HUB24 Stock Performance

The firm has a market capitalization of $6.61 billion, a P/E ratio of 140.11, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 8.70.

HUB24 Increases Dividend

The company also recently disclosed a Final dividend, which will be paid on Monday, October 13th. Shareholders of record on Monday, October 13th will be issued a dividend of $0.32 per share. This represents a yield of 31.0%. The ex-dividend date is Sunday, September 7th. This is an increase from HUB24’s previous Final dividend of $0.20. HUB24’s dividend payout ratio (DPR) is 68.42%.

HUB24 Company Profile

HUB24 Limited, a financial services company, provides integrated platform, technology, and data solutions to wealth industry in Australia. It operates in Platform and Tech Solutions segments. The company develops and operates HUB24 and Xplore Wealth that are investment and superannuation platforms; and portfolio administration and reporting services for financial advisers, stockbrokers, accountants and their clients, and direct consumers.