Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Acquires A$22,973.28 in Stock

Posted by Darlene League on Oct 26th, 2024

Coventry Group Ltd (ASX:CYG – Get Free Report) insider Alexander (Alex) White purchased 17,404 shares of the stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of A$1.32 ($0.88) per share, for a total transaction of A$22,973.28 ($15,315.52).

Alexander (Alex) White also recently made the following trade(s):

On Wednesday, October 9th, Alexander (Alex) White purchased 66,314 shares of Coventry Group stock. The shares were bought at an average price of A$1.28 ($0.85) per share, for a total transaction of A$84,749.29 ($56,499.53).
On Thursday, October 3rd, Alexander (Alex) White acquired 161,836 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.30 ($0.86) per share, with a total value of A$209,739.46 ($139,826.30).
On Tuesday, September 3rd, Alexander (Alex) White acquired 100,000 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.38 ($0.92) per share, with a total value of A$138,100.00 ($92,066.67).
On Monday, August 26th, Alexander (Alex) White acquired 540,001 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.33 ($0.88) per share, with a total value of A$716,581.33 ($477,720.88).
On Wednesday, August 28th, Alexander (Alex) White acquired 60,000 shares of Coventry Group stock. The stock was acquired at an average cost of A$1.37 ($0.92) per share, with a total value of A$82,380.00 ($54,920.00).

Coventry Group Stock Performance

The company has a debt-to-equity ratio of 94.64, a current ratio of 1.30 and a quick ratio of 0.57.

Coventry Group Increases Dividend

The firm also recently disclosed a Final dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were paid a $0.037 dividend. This represents a dividend yield of 2.88%. The ex-dividend date was Thursday, September 26th. This is a positive change from Coventry Group’s previous Final dividend of $0.04. Coventry Group’s payout ratio is presently 400.00%.

About Coventry Group

(Get Free Report)

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.