Mercia Asset Management PLC (LON:MERC) Increases Dividend to GBX 0.55 Per Share

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 0.55 ($0.01) per share on Friday, November 1st. This represents a yield of 1.77%. The ex-dividend date is Thursday, October 3rd. This is an increase from Mercia Asset Management’s previous dividend of $0.35. The official announcement can be viewed at this link.

Mercia Asset Management Stock Performance

LON:MERC opened at GBX 33 ($0.44) on Tuesday. The firm’s fifty day simple moving average is GBX 34.36 and its 200 day simple moving average is GBX 33.33. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. Mercia Asset Management has a twelve month low of GBX 21 ($0.28) and a twelve month high of GBX 37 ($0.49). The firm has a market capitalization of £142.33 million, a price-to-earnings ratio of -1,600.00 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 64 ($0.86) target price on shares of Mercia Asset Management in a research note on Thursday, September 26th.

Insiders Place Their Bets

In other Mercia Asset Management news, insider Martin James Glanfield acquired 119,223 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average price of GBX 35 ($0.47) per share, for a total transaction of £41,728.05 ($55,816.01). 27.11% of the stock is currently owned by corporate insiders.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.