Smiths News plc (LON:SNWS) Insider Sells £299,247.09 in Stock

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 490,569 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of GBX 61 ($0.78), for a total transaction of £299,247.09 ($385,081.83).

Jonathan Bunting also recently made the following trade(s):

• On Tuesday, November 5th, Jonathan Bunting sold 1,183,423 shares of Smiths News stock. The stock was sold at an average price of GBX 61 ($0.78), for a total transaction of £721,888.03 ($928,951.27).

Smiths News Stock Performance

Smiths News stock traded up GBX 0.20 ($0.00) during midday trading on Thursday, reaching GBX 61.20 ($0.79). The company’s stock had a trading volume of 551,350 shares, compared to its average volume of 542,772. The firm has a market capitalization of £145.10 million, a PE ratio of 676.78, a P/E/G ratio of 0.29 and a beta of 0.83. Smiths News plc has a fifty-two week low of GBX 45 ($0.58) and a fifty-two week high of GBX 67.80 ($0.87). The stock’s 50 day simple moving average is GBX 57.98 and its 200 day simple moving average is GBX 58.83.

Smiths News Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be given a dividend of GBX 5.40 ($0.07) per share. This represents a yield of 9.47%. The ex-dividend date is Thursday, January 9th. This is a boost from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio (DPR) is currently 5,555.56%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 ($1.22) price target on shares of Smiths News in a research note on Tuesday, November 5th.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.