MJ Gleeson plc (LON:GLE) Insider Sells £1,830,000 in Stock

MJ Gleeson plc (LON:GLE) insider Christopher H. B. Mills sold 300,000 shares of MJ Gleeson stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 610 ($8.16), for a total transaction of £1,830,000 ($2,447,833.07).

MJ Gleeson Stock Performance

Shares of GLE opened at GBX 622 ($8.32) on Monday. MJ Gleeson plc has a 1 year low of GBX 381 ($5.10) and a 1 year high of GBX 645 ($8.63). The company has a market cap of £363.12 million, a price-to-earnings ratio of 1,884.85 and a beta of 1.14. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 5.79. The firm has a fifty day moving average of GBX 595.32 and a 200-day moving average of GBX 555.53.

MJ Gleeson Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be issued a dividend of GBX 7 ($0.09) per share. This is an increase from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.25%. MJ Gleeson’s payout ratio is 3,333.33%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 643 ($8.60) price objective on shares of MJ Gleeson in a report on Wednesday, September 18th.

About MJ Gleeson

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.