Mortgage Advice Bureau (LON:MAB1) Stock Price Up 15.3% After Dividend Announcement

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s stock price was up 15.3% during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as GBX 628 ($8.38) and last traded at GBX 627 ($8.37). Approximately 279,616 shares traded hands during trading, an increase of 229% from the average daily volume of 85,039 shares. The stock had previously closed at GBX 544 ($7.26).

The newly announced dividend which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 13.40 ($0.18) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 2.46%. Mortgage Advice Bureau’s payout ratio is 12,173.91%.

Mortgage Advice Bureau Price Performance

The business’s 50 day simple moving average is GBX 796.40 and its 200-day simple moving average is GBX 841.51. The company has a quick ratio of 2.21, a current ratio of 0.60 and a debt-to-equity ratio of 28.45. The stock has a market capitalization of £363.41 million, a price-to-earnings ratio of 2,365.22, a P/E/G ratio of 0.81 and a beta of 1.15.

Insider Activity

In related news, insider Nathan James McLean Imlach purchased 232 shares of Mortgage Advice Bureau stock in a transaction dated Wednesday, July 31st. The shares were bought at an average cost of GBX 916 ($12.23) per share, for a total transaction of £2,125.12 ($2,836.52). In other Mortgage Advice Bureau news, insider Ben Thompson bought 50 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of GBX 592 ($7.90) per share, for a total transaction of £296 ($395.09). Also, insider Nathan James McLean Imlach bought 232 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of GBX 916 ($12.23) per share, for a total transaction of £2,125.12 ($2,836.52). In the last three months, insiders have purchased 834 shares of company stock worth $696,914. Corporate insiders own 20.01% of the company’s stock.

Mortgage Advice Bureau Company Profile

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.