MJ Gleeson (LON:GLE) Shares Down 0.8% – Here’s What Happened

MJ Gleeson plc (LON:GLE) shares were down 0.8% during mid-day trading on Thursday . The stock traded as low as GBX 515 ($6.53) and last traded at GBX 520 ($6.59). Approximately 62,326 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 71,376 shares. The stock had previously closed at GBX 524 ($6.64).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 643 ($8.15) price target on shares of MJ Gleeson in a research report on Wednesday, September 18th.

MJ Gleeson Stock Performance

The business has a 50-day moving average price of GBX 565.06 and a 200-day moving average price of GBX 574.19. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 8.37. The firm has a market capitalization of £303.58 million, a price-to-earnings ratio of 1,575.76 and a beta of 1.14.

MJ Gleeson Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were paid a GBX 7 ($0.09) dividend. The ex-dividend date was Thursday, October 24th. This is a boost from MJ Gleeson’s previous dividend of $4.00. This represents a yield of 1.25%. MJ Gleeson’s dividend payout ratio (DPR) is 3,333.33%.

Insider Buying and Selling at MJ Gleeson

In other news, insider Stefan Allanson sold 10,532 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 620 ($7.86), for a total value of £65,298.40 ($82,771.45). Also, insider Christopher H. B. Mills sold 300,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 610 ($7.73), for a total value of £1,830,000 ($2,319,685.64). 16.85% of the stock is currently owned by company insiders.

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.