FDM Group (LON:FDM) Trading 16.2% Higher After Dividend Announcement

FDM Group (Holdings) plc (LON:FDM) shares rose 16.2% on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 266 ($3.45) and last traded at GBX 258 ($3.35). Approximately 2,650,492 shares were traded during trading, an increase of 352% from the average daily volume of 586,742 shares. The stock had previously closed at GBX 222 ($2.88).

The newly announced dividend which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 22 ($0.29) per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 3.23%. This is a boost from FDM Group’s previous dividend of $10.00. FDM Group’s dividend payout ratio (DPR) is 104.05%.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of FDM Group in a research report on Wednesday.

FDM Group Stock Performance

The company’s 50-day moving average price is GBX 239.55 and its two-hundred day moving average price is GBX 316.04. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The stock has a market cap of £272.93 million, a PE ratio of 8.97 and a beta of 0.97.

FDM Group (LON:FDM) last released its earnings results on Thursday, March 20th. The company reported GBX 23 ($0.30) EPS for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. On average, equities research analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity at FDM Group

In other news, insider Sheila Flavell purchased 338 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were acquired at an average price of GBX 295 ($3.83) per share, with a total value of £997.10 ($1,292.92). Also, insider Michael (Mike) McLaren purchased 212 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 235 ($3.05) per share, for a total transaction of £498.20 ($646.01). In the last 90 days, insiders have acquired 775 shares of company stock valued at $199,255. Insiders own 17.79% of the company’s stock.

About FDM Group

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc.