Insider Buying: Mercia Asset Management (LON:MERC) Insider Buys 104,132 Shares

Mercia Asset Management PLC (LON:MERC) insider Martin James Glanfield acquired 104,132 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of GBX 26 per share, with a total value of £27,074.32.

Mercia Asset Management Price Performance

Mercia Asset Management stock opened at GBX 27.50 on Friday. The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. Mercia Asset Management PLC has a 52-week low of GBX 25.12 and a 52-week high of GBX 34. The firm has a market cap of £115.98 million, a PE ratio of -13.75 and a beta of 0.76. The company’s 50 day moving average is GBX 27.23 and its two-hundred day moving average is GBX 28.15.

Mercia Asset Management (LON:MERC) last announced its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) earnings per share for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. On average, research analysts expect that Mercia Asset Management PLC will post 0.9368771 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 target price on shares of Mercia Asset Management in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mercia Asset Management has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.