Town Centre Securities Plc (LON:TOWN) Insider Sells 45,000 Shares

Town Centre Securities Plc (LON:TOWN) insider Michael Ziff sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of GBX 134 ($1.73), for a total value of £60,300 ($77,967.42).

Michael Ziff also recently made the following trade(s):

• On Monday, February 10th, Michael Ziff sold 30,000 shares of Town Centre Securities stock. The stock was sold at an average price of GBX 118 ($1.53), for a total value of £35,400 ($45,771.92).

Town Centre Securities Price Performance

Shares of LON:TOWN traded down GBX 2.75 ($0.04) during midday trading on Monday, hitting GBX 135.25 ($1.75). 2,076 shares of the stock were exchanged, compared to its average volume of 6,830. Town Centre Securities Plc has a twelve month low of GBX 113 ($1.46) and a twelve month high of GBX 165 ($2.13). The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 133.21. The company has a 50 day moving average price of GBX 132.37 and a 200-day moving average price of GBX 133.38. The stock has a market cap of £56.98 million, a P/E ratio of -7.58 and a beta of 1.11.

Town Centre Securities (LON:TOWN) last released its quarterly earnings results on Thursday, March 27th. The company reported GBX 4.20 ($0.05) earnings per share for the quarter. Town Centre Securities had a negative return on equity of 6.58% and a negative net margin of 23.60%. On average, research analysts forecast that Town Centre Securities Plc will post 6.4926063 earnings per share for the current year.

Town Centre Securities Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 1.81%. Town Centre Securities’s dividend payout ratio (DPR) is -28.00%.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.