Shares of Arrow Global Group PLC (LON:ARW) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 191 ($2.50) and last traded at GBX 193.40 ($2.53), with a volume of 213494 shares trading hands. The stock had previously closed at GBX 202.50 ($2.65).
A number of research firms have recently weighed in on ARW. Peel Hunt restated a “buy” rating on shares of Arrow Global Group in a report on Thursday, July 26th. Numis Securities restated a “buy” rating on shares of Arrow Global Group in a report on Thursday, August 30th. Finally, Shore Capital restated a “buy” rating on shares of Arrow Global Group in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 388.40 ($5.08).
Arrow Global Group (LON:ARW) last posted its earnings results on Thursday, August 30th. The company reported GBX 16.30 ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 15.70 ($0.21) by GBX 0.60 ($0.01). Arrow Global Group had a net margin of 15.00% and a return on equity of 28.85%.
The firm also recently announced a dividend, which will be paid on Friday, October 12th. Stockholders of record on Thursday, September 6th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 1.5%.
In other Arrow Global Group news, insider Andrew C. Fisher bought 10,000 shares of Arrow Global Group stock in a transaction dated Friday, October 5th. The shares were purchased at an average cost of GBX 202 ($2.64) per share, for a total transaction of £20,200 ($26,394.88). Over the last 90 days, insiders bought 10,117 shares of company stock worth $2,050,009.
Arrow Global Group Company Profile (LON:ARW)
Arrow Global Group PLC, together with its subsidiaries, identifies, acquires, and manages secured and unsecured defaulted loan portfolios consisting of consumer and SME accounts from financial institutions, such as banks and credit card companies in the United Kingdom and mainland Europe. The company also engages in the debt purchase and asset management business.
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