GB Group plc (LON:GBG) Insider Dev Dhiman Acquires 20,000 Shares

GB Group plc (LON:GBG) insider Dev Dhiman bought 20,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of GBX 338 ($4.28) per share, for a total transaction of £67,600 ($85,504.68).

GB Group Price Performance

GBG opened at GBX 337 ($4.26) on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 19.75. The company’s 50-day moving average price is GBX 330.49 and its 200 day moving average price is GBX 292.59. GB Group plc has a fifty-two week low of GBX 202.80 ($2.57) and a fifty-two week high of GBX 357 ($4.52). The firm has a market cap of £851.26 million, a price-to-earnings ratio of -488.41, a price-to-earnings-growth ratio of 173.40 and a beta of 0.19.

GB Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 20th will be issued a GBX 4.20 ($0.05) dividend. This is an increase from GB Group’s previous dividend of $4.00. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 1.21%. GB Group’s dividend payout ratio (DPR) is -579.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 395 ($5.00) price target on shares of GB Group in a report on Wednesday, June 12th.

About GB Group

GB Group plc, together with its subsidiaries, provides digital identity products and services in the United Kingdom, the United States of America, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. It provides identity products comprising ID3global, an identity verification, IDscan, a ID document verification, IDscan core, a personalized document verification, Scannet, a venue ID verification, investigate, a search subject analysis, and ProID, a no-code industry verification solution.