Team Internet Group plc (LON:TIG) Insider Buys £9,170 in Stock

Team Internet Group plc (LON:TIG) insider Max Royde bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average price of GBX 131 ($1.71) per share, with a total value of £9,170 ($12,001.05).

Max Royde also recently made the following trade(s):

• On Friday, September 6th, Max Royde acquired 6,000 shares of Team Internet Group stock. The shares were acquired at an average cost of GBX 121 ($1.58) per share, with a total value of £7,260 ($9,501.37).
• On Friday, August 23rd, Max Royde purchased 8,000 shares of Team Internet Group stock. The shares were bought at an average cost of GBX 140 ($1.83) per share, with a total value of £11,200 ($14,657.77).

Team Internet Group Stock Up 0.8 %

LON:TIG traded up GBX 1 ($0.01) during trading hours on Monday, hitting GBX 132 ($1.73). 255,305 shares of the stock traded hands, compared to its average volume of 569,885. The company has a market cap of £330.18 million, a price-to-earnings ratio of 2,179.00 and a beta of 0.60. Team Internet Group plc has a 1 year low of GBX 112.34 ($1.47) and a 1 year high of GBX 207.50 ($2.72). The stock has a 50 day moving average price of GBX 143.12 and a 200 day moving average price of GBX 160.09.

Team Internet Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, August 29th. Team Internet Group’s dividend payout ratio (DPR) is 3,333.33%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on Team Internet Group from GBX 205 ($2.68) to GBX 220 ($2.88) and gave the stock a “buy” rating in a research note on Monday, August 12th.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.