Cohort (LON:CHRT) Hits New 1-Year High Following Dividend Announcement

Cohort plc (LON:CHRT) hit a new 52-week high during trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 1,110 ($14.18) and last traded at GBX 1,070.12 ($13.67), with a volume of 971367 shares traded. The stock had previously closed at GBX 1,020 ($13.03).

The newly announced dividend which will be paid on Tuesday, February 18th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 0.51%. Cohort’s dividend payout ratio (DPR) is presently 3,947.37%.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a report on Tuesday, September 24th.

Cohort Trading Up 4.9 %

The business has a fifty day moving average price of GBX 939.12 and a two-hundred day moving average price of GBX 864.45. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88. The firm has a market capitalization of £432.75 million, a PE ratio of 2,815.72 and a beta of 0.56.

Insiders Place Their Bets

In related news, insider Simon Walther bought 598 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of GBX 906 ($11.58) per share, with a total value of £5,417.88 ($6,922.04). 39.22% of the stock is currently owned by insiders.

About Cohort

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.