Insider Buying: Nick Scali Limited (ASX:NCK) Insider Buys 25,000 Shares of Stock

Nick Scali Limited (ASX:NCK) insider Carole Molyneux bought 25,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of A$14.69 ($9.73) per share, with a total value of A$367,325.00 ($243,261.59).

Carole Molyneux also recently made the following trade(s):

• On Wednesday, March 27th, Carole Molyneux sold 25,000 shares of Nick Scali stock. The stock was sold at an average price of A$15.26 ($10.11), for a total transaction of A$381,500.00 ($252,649.01).

Nick Scali Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 156.92.

Nick Scali Cuts Dividend

The business also recently announced a Interim dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 25th were paid a $0.35 dividend. The ex-dividend date was Sunday, March 3rd. This represents a yield of 2.39%. Nick Scali’s dividend payout ratio is currently 67.96%.

Nick Scali Company Profile

Nick Scali Limited, together with its subsidiaries, engages in sourcing and retailing of household furniture and related accessories in Australia and New Zealand. It offers sofas and armchairs; TV and entertainment units; coffee, side, and console and hallway tables; dinning tables and chairs, and buffet tables and sideboards; mattresses, bed frames, bedside tables, tallboy, and dressers; and rugs, mirrors, and lighting.