Insider Selling: CMC Markets Plc (LON:CMCX) Insider Sells £80,692.56 in Stock

CMC Markets Plc (LON:CMCX) insider Matthew Lewis sold 25,863 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of GBX 312 ($4.04), for a total transaction of £80,692.56 ($104,361.82).

CMC Markets Price Performance

LON CMCX opened at GBX 321 ($4.15) on Friday. The company has a 50 day simple moving average of GBX 298.32 and a 200-day simple moving average of GBX 230.10. The company has a debt-to-equity ratio of 5.48, a current ratio of 2.35 and a quick ratio of 2.47. The firm has a market capitalization of £898.22 million, a price-to-earnings ratio of 8,025.00 and a beta of 0.50. CMC Markets Plc has a 52-week low of GBX 86.90 ($1.12) and a 52-week high of GBX 343 ($4.44).

CMC Markets Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 11th will be given a dividend of GBX 7.30 ($0.09) per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 11th. This is a positive change from CMC Markets’s previous dividend of $1.00. CMC Markets’s dividend payout ratio (DPR) is presently 12,500.00%.

Analysts Set New Price Targets

Several research analysts have commented on CMCX shares. Canaccord Genuity Group reiterated a “sell” rating and issued a GBX 192 ($2.48) target price on shares of CMC Markets in a report on Tuesday, June 18th. Shore Capital reiterated a “hold” rating on shares of CMC Markets in a report on Thursday.

About CMC Markets

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.