Insider Selling: Persimmon Plc (LON:PSN) Insider Sells 5,955 Shares of Stock

Persimmon Plc (LON:PSN) insider Andrew Duxbury sold 5,955 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of GBX 1,663 ($22.27), for a total transaction of £99,031.65 ($132,607.99).

Persimmon Price Performance

Shares of PSN stock opened at GBX 1,651 ($22.11) on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 4.09. Persimmon Plc has a fifty-two week low of GBX 925 ($12.39) and a fifty-two week high of GBX 1,712.50 ($22.93). The firm has a market cap of £5.28 billion, a P/E ratio of 2,063.75, a P/E/G ratio of 0.84 and a beta of 1.37. The business’s 50 day moving average price is GBX 1,607.59 and its 200-day moving average price is GBX 1,455.70.

Persimmon Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 20 ($0.27) per share. This represents a yield of 1.3%. The ex-dividend date is Thursday, October 17th. Persimmon’s payout ratio is currently 7,500.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Persimmon in a report on Friday, July 5th.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.