Insider Buying: On the Beach Group plc (LON:OTB) Insider Buys £1,797.75 in Stock

On the Beach Group plc (LON:OTB) insider Shaun Morton acquired 765 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of GBX 235 ($3.03) per share, for a total transaction of £1,797.75 ($2,321.47).

Shaun Morton also recently made the following trade(s):

• On Monday, March 10th, Shaun Morton sold 45,054 shares of On the Beach Group stock. The stock was sold at an average price of GBX 228 ($2.94), for a total value of £102,723.12 ($132,648.66).

On the Beach Group Trading Up 2.2 %

Shares of LON OTB opened at GBX 237 ($3.06) on Monday. On the Beach Group plc has a 1 year low of GBX 127.75 ($1.65) and a 1 year high of GBX 265.50 ($3.43). The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The firm has a 50-day moving average of GBX 242.40 and a 200 day moving average of GBX 200.35. The stock has a market cap of £384.81 million, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th were issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is a positive change from On the Beach Group’s previous dividend of $0.90. The ex-dividend date of this dividend was Thursday, January 30th. On the Beach Group’s dividend payout ratio (DPR) is presently 10.93%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a research note on Tuesday, February 25th.

About On the Beach Group

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.