Insider Selling: Franchise Brands plc (LON:FRAN) Insider Sells £11,200,000 in Stock

Franchise Brands plc (LON:FRAN) insider Nigel Wray sold 7,000,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.11), for a total value of £11,200,000 ($14,795,244.39).

Franchise Brands Price Performance

Shares of FRAN opened at GBX 158.55 ($2.09) on Monday. The stock has a market cap of £304.76 million, a P/E ratio of 8,025.00 and a beta of 0.82. Franchise Brands plc has a 1 year low of GBX 130 ($1.72) and a 1 year high of GBX 210 ($2.77). The stock’s 50-day moving average price is GBX 174.15 and its two-hundred day moving average price is GBX 177.61. The company has a current ratio of 1.30, a quick ratio of 1.57 and a debt-to-equity ratio of 44.11.

Franchise Brands Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 1.10 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend is Thursday, October 3rd. Franchise Brands’s payout ratio is 10,000.00%.

About Franchise Brands

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.