Insider Selling: Macfarlane Group PLC (LON:MACF) Insider Sells 97,361 Shares of Stock

Macfarlane Group PLC (LON:MACF) insider Ivor Gray sold 97,361 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 134 ($1.69), for a total value of £130,463.74 ($164,872.67).

Macfarlane Group Price Performance

Shares of MACF traded up GBX 2.50 ($0.03) during trading hours on Thursday, reaching GBX 135 ($1.71). 169,981 shares of the company traded hands, compared to its average volume of 313,495. The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 37.83. The stock has a market capitalization of £215.46 million, a PE ratio of 1,472.22 and a beta of 0.71. Macfarlane Group PLC has a fifty-two week low of GBX 98.38 ($1.24) and a fifty-two week high of GBX 138 ($1.74). The stock has a fifty day simple moving average of GBX 126.50 and a 200 day simple moving average of GBX 115.88.

Macfarlane Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 9th will be given a dividend of GBX 2.65 ($0.03) per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 2.15%. This is a positive change from Macfarlane Group’s previous dividend of $0.94. Macfarlane Group’s payout ratio is currently 4,444.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 145 ($1.83) target price on shares of Macfarlane Group in a research report on Thursday, February 29th. Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, February 29th.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.