WAM Active (ASX:WAA) Insider Acquires A$23,001.00 in Stock

WAM Active Limited (ASX:WAA) insider Simon Poidevin acquired 22,550 shares of the company’s stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of A$1.02 per share, for a total transaction of A$23,001.00.

Simon Poidevin also recently made the following trade(s):

• On Friday, February 6th, Simon Poidevin bought 37,450 shares of WAM Active stock. The stock was purchased at an average cost of A$1.00 per share, with a total value of A$37,450.00.

WAM Active Price Performance

The stock has a market cap of $67.58 million, a PE ratio of 8.10 and a beta of 0.75.

WAM Active Cuts Dividend

The firm also recently announced a Interim dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 29th will be issued a $0.01 dividend. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Tuesday, June 16th. WAM Active’s payout ratio is presently 54.55%.

About WAM Active

WAM Active Limited is a close-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It also invests in bills of exchange, other negotiable investments, and debentures. The fund seeks to take advantage of opportunities created by corporate transactions and other trading and arbitrage opportunities.