MJ Gleeson plc (LON:GLE) Insider Stefan Allanson Sells 10,532 Shares

MJ Gleeson plc (LON:GLE) insider Stefan Allanson sold 10,532 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 620 ($8.10), for a total transaction of £65,298.40 ($85,268.22).

MJ Gleeson Trading Up 1.6 %

Shares of LON:GLE opened at GBX 636 ($8.31) on Friday. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37. The stock has a market capitalization of £371.30 million, a PE ratio of 1,927.27 and a beta of 1.14. MJ Gleeson plc has a 1 year low of GBX 386 ($5.04) and a 1 year high of GBX 645 ($8.42). The firm has a fifty day moving average price of GBX 604.46 and a 200 day moving average price of GBX 564.65.

MJ Gleeson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be issued a dividend of GBX 7 ($0.09) per share. This is a positive change from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 1.25%. MJ Gleeson’s dividend payout ratio is currently 3,333.33%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 643 ($8.40) price objective on shares of MJ Gleeson in a report on Wednesday, September 18th.

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.