Premier Miton Group (LON:PMI) Shares Up 2.4% – Time to Buy?

Premier Miton Group plc (LON:PMI) shares rose 2.4% on Friday . The stock traded as high as GBX 61 ($0.74) and last traded at GBX 60.80 ($0.74). Approximately 2,581,378 shares were traded during trading, an increase of 204% from the average daily volume of 848,629 shares. The stock had previously closed at GBX 59.40 ($0.73).

Premier Miton Group Price Performance

The business’s 50 day moving average price is GBX 59.43 and its 200 day moving average price is GBX 64.87. The stock has a market capitalization of £94.03 million, a P/E ratio of 6,080.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.24 and a quick ratio of 1.21.

Premier Miton Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a yield of 5.45%. Premier Miton Group’s payout ratio is presently 60,000.00%.

Insiders Place Their Bets

In other news, insider Piers Godfrey Harrison sold 41,580 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 5,935 ($72.47), for a total value of £2,467,773 ($3,013,153.85). 17.55% of the stock is currently owned by corporate insiders.

Premier Miton Group Company Profile

Premier Miton Group plc is a publicly owned investment manager. The firm invests in public equity and fixed income markets across the globe. Premier Miton Group plc was formerly known as Premier Asset Management Group Plc. Premier Miton Group plc was founded in November 2019 and is based in Surrey, United Kingdom.