Martin James Glanfield Purchases 104,132 Shares of Mercia Asset Management (LON:MERC) Stock

Mercia Asset Management PLC (LON:MERC) insider Martin James Glanfield bought 104,132 shares of Mercia Asset Management stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of GBX 26 per share, with a total value of £27,074.32.

Mercia Asset Management Stock Performance

Shares of MERC stock opened at GBX 27.50 on Friday. Mercia Asset Management PLC has a 1 year low of GBX 25.12 and a 1 year high of GBX 34. The firm has a market capitalization of £115.98 million, a price-to-earnings ratio of -13.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. The business has a fifty day moving average of GBX 27.23 and a 200 day moving average of GBX 28.15.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. As a group, research analysts expect that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mercia Asset Management presently has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.