Insider Buying: Bloomsbury Publishing Plc (LON:BMY) Insider Acquires £79,996.01 in Stock

Bloomsbury Publishing Plc (LON:BMY) insider Leslie-Ann Reed purchased 12,139 shares of the stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of GBX 659 ($8.37) per share, with a total value of £79,996.01 ($101,543.55).

Bloomsbury Publishing Trading Up 1.5 %

LON BMY opened at GBX 670 ($8.50) on Friday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.04 and a current ratio of 1.67. Bloomsbury Publishing Plc has a one year low of GBX 410 ($5.20) and a one year high of GBX 766 ($9.72). The company has a 50-day simple moving average of GBX 679.68 and a 200-day simple moving average of GBX 664.30. The firm has a market capitalization of £545.65 million, a PE ratio of 1,721.39 and a beta of 0.66.

Bloomsbury Publishing Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a GBX 3.89 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 0.57%. Bloomsbury Publishing’s payout ratio is currently 3,846.15%.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of Bloomsbury Publishing in a report on Wednesday, November 6th. They issued a “buy” rating and a GBX 825 ($10.47) price objective for the company.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.