MJ Gleeson plc (LON:GLE) Insider Stefan Allanson Sells 10,532 Shares of Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson sold 10,532 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 620 ($8.10), for a total value of £65,298.40 ($85,268.22).

MJ Gleeson Stock Up 1.6 %

Shares of LON GLE opened at GBX 636 ($8.31) on Friday. The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89. The company has a 50-day moving average price of GBX 604.46 and a 200-day moving average price of GBX 564.06. The stock has a market capitalization of £371.30 million, a P/E ratio of 1,927.27 and a beta of 1.14. MJ Gleeson plc has a 1 year low of GBX 386 ($5.04) and a 1 year high of GBX 645 ($8.42).

MJ Gleeson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of GBX 7 ($0.09) per share. This is a positive change from MJ Gleeson’s previous dividend of $4.00. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, October 24th. MJ Gleeson’s payout ratio is currently 3,333.33%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 643 ($8.40) target price on shares of MJ Gleeson in a report on Wednesday, September 18th.

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.