On the Beach Group (LON:OTB) Sets New 12-Month High Following Insider Buying Activity

Shares of On the Beach Group plc (LON:OTB) reached a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 248.92 ($3.16) and last traded at GBX 238 ($3.02), with a volume of 1378610 shares trading hands. The stock had previously closed at GBX 239 ($3.03).

Specifically, insider Simon Cooper purchased 3,000,000 shares of On the Beach Group stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of GBX 228 ($2.89) per share, for a total transaction of £6,840,000 ($8,678,000.51).

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OTB. Canaccord Genuity Group reduced their price target on shares of On the Beach Group from GBX 220 ($2.79) to GBX 187 ($2.37) and set a “buy” rating for the company in a research report on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 180 ($2.28) price target on shares of On the Beach Group in a research report on Tuesday, October 15th. Finally, Shore Capital reiterated a “buy” rating on shares of On the Beach Group in a research report on Wednesday, December 4th.

On the Beach Group Stock Performance

The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 34.49. The stock’s 50 day moving average price is GBX 168.03 and its two-hundred day moving average price is GBX 152.78. The firm has a market capitalization of £397.44 million, a PE ratio of 2,644.44, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is a boost from On the Beach Group’s previous dividend of $0.90. The ex-dividend date is Thursday, January 30th. On the Beach Group’s dividend payout ratio (DPR) is 1,111.11%.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.