Tatton Asset Management (LON:TAM) Trading Down 0.6% – Here’s Why

Shares of Tatton Asset Management plc (LON:TAM) dropped 0.6% on Friday . The company traded as low as GBX 686 and last traded at GBX 696. 47,248 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 179,899 shares. The stock had previously closed at GBX 700.

Tatton Asset Management Price Performance

The company has a market cap of £422.52 million, a P/E ratio of 23.03, a PEG ratio of 1.91 and a beta of 0.72. The firm’s 50-day moving average is GBX 719.39 and its two-hundred day moving average is GBX 650.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.36 and a quick ratio of 3.50.

Tatton Asset Management (LON:TAM) last released its quarterly earnings data on Tuesday, June 16th. The company reported GBX 36.06 EPS for the quarter. Tatton Asset Management had a net margin of 34.61% and a return on equity of 33.94%. The business had revenue of GBX 5,444 million during the quarter. Analysts anticipate that Tatton Asset Management plc will post 26.0903733 earnings per share for the current year.

Insider Transactions at Tatton Asset Management

In related news, insider Lothar Mentel acquired 1,390 shares of Tatton Asset Management stock in a transaction on Monday, July 6th. The shares were bought at an average cost of GBX 733 per share, with a total value of £10,188.70. Also, insider Pippa Hamnett acquired 601 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of GBX 656 per share, for a total transaction of £3,942.56. 18.94% of the stock is currently owned by company insiders.

Tatton Asset Management Company Profile

Tatton Asset Management plc was founded by entrepreneur and current Chief Executive Officer, Paul Hogarth who had previously co-founded and developed the then largest IFA support services business in the UK, Bankhall. Paul’s vision in starting Tatton Asset Management was to create a range of services to power the UK’s leading financial advisers, facilitating expansion and enabling them to better service their clients. Tatton Asset Management offers on-platform only discretionary fund management, regulatory, compliance and business consulting services, as well as a whole of market mortgage provision, to Directly Authorised financial advisers across the UK.