Insider Buying: International Biotechnology (LON:IBT) Insider Buys 6,996 Shares of Stock

International Biotechnology (LON:IBT) insider Alexa Henderson bought 6,996 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of GBX 711 ($8.95) per share, for a total transaction of £49,741.56 ($62,591.62).

International Biotechnology Stock Up 0.3 %

LON:IBT opened at GBX 712.07 ($8.96) on Thursday. The business’s 50-day simple moving average is GBX 701.96 and its two-hundred day simple moving average is GBX 691.28. International Biotechnology has a 52 week low of GBX 596 ($7.50) and a 52 week high of GBX 736 ($9.26). The stock has a market cap of £255.78 million, a PE ratio of 6.79 and a beta of 0.21.

International Biotechnology Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 19th were given a dividend of GBX 15.56 ($0.20) per share. This is a positive change from International Biotechnology’s previous dividend of $14.50. The ex-dividend date of this dividend was Thursday, December 19th. This represents a dividend yield of 2.21%. International Biotechnology’s dividend payout ratio is currently 27.67%.

About International Biotechnology

The Company’s investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies.

The Company will seek to achieve its objective by investing in a diversified portfolio of companies which may be quoted or unquoted and whose shares are considered to have good growth prospects, with experienced management and strong potential upside through the development and/or commercialisation of a product, device or enabling technology.