Mercia Asset Management (LON:MERC) Trading Down 1.5%

Mercia Asset Management PLC (LON:MERC) shares were down 1.5% during mid-day trading on Wednesday . The stock traded as low as GBX 33 ($0.44) and last traded at GBX 33 ($0.44). Approximately 646,066 shares changed hands during trading, a decline of 18% from the average daily volume of 786,498 shares. The stock had previously closed at GBX 33.50 ($0.44).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 64 ($0.85) price target on shares of Mercia Asset Management in a research note on Tuesday, July 2nd.

Mercia Asset Management Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. The company has a market capitalization of £144.44 million, a PE ratio of -1,650.00 and a beta of 1.20. The company has a 50 day moving average of GBX 34.57 and a two-hundred day moving average of GBX 33.17.

Mercia Asset Management Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 0.55 ($0.01) per share. This is a boost from Mercia Asset Management’s previous dividend of $0.35. This represents a yield of 1.77%. The ex-dividend date is Thursday, October 3rd. Mercia Asset Management’s dividend payout ratio (DPR) is -5,000.00%.

Insider Transactions at Mercia Asset Management

In other news, insider Martin James Glanfield purchased 119,223 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of GBX 35 ($0.46) per share, for a total transaction of £41,728.05 ($55,122.92). Insiders own 27.09% of the company’s stock.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.