Insider Buying: Mitie Group plc (LON:MTO) Insider Purchases £218,000 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley acquired 200,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of GBX 109 ($1.37) per share, for a total transaction of £218,000 ($274,524.62).

Phillip Bentley also recently made the following trade(s):

• On Wednesday, October 16th, Phillip Bentley sold 4,750,000 shares of Mitie Group stock. The shares were sold at an average price of GBX 117 ($1.47), for a total transaction of £5,557,500 ($6,998,488.86).

Mitie Group Stock Up 2.6 %

LON:MTO opened at GBX 108.80 ($1.37) on Monday. Mitie Group plc has a 52 week low of GBX 93 ($1.17) and a 52 week high of GBX 127 ($1.60). The stock’s fifty day moving average is GBX 116.96 and its two-hundred day moving average is GBX 118.90. The stock has a market capitalization of £1.35 billion, a price-to-earnings ratio of 1,208.89, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 67.87.

Mitie Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 4th. Investors of record on Thursday, December 19th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, December 19th. Mitie Group’s dividend payout ratio (DPR) is 4,444.44%.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.