Cavendish Financial (LON:CAV) Trading Up 2.6% – Here’s What Happened

Shares of Cavendish Financial plc (LON:CAV) shot up 2.6% during mid-day trading on Thursday . The company traded as high as GBX 10.29 ($0.13) and last traded at GBX 10 ($0.13). 86,667 shares were traded during trading, a decline of 79% from the average session volume of 405,906 shares. The stock had previously closed at GBX 9.75 ($0.12).

Cavendish Financial Stock Performance

The stock has a market cap of £32.99 million, a PE ratio of -992.50 and a beta of 1.23. The firm has a fifty day moving average price of GBX 10.09 and a 200 day moving average price of GBX 11.66.

Cavendish Financial Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be issued a GBX 0.30 ($0.00) dividend. This represents a yield of 2.73%. The ex-dividend date is Thursday, November 21st. This is an increase from Cavendish Financial’s previous dividend of $0.25. Cavendish Financial’s dividend payout ratio (DPR) is currently -20,000.00%.

Insider Activity

In other news, insider Mark Astaire acquired 4,103 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 11 ($0.14) per share, with a total value of £451.33 ($575.38). Corporate insiders own 59.20% of the company’s stock.

Cavendish Financial Company Profile

Cavendish Financial plc provides various financial services to growth companies in the United Kingdom. The company offers equities research, distribution and execution, and analytics services. It provides investment banking services, such as strategic advisory and capital raising services comprising public market fund raisings, including placings, rights issues, and open offers; IPOs; sell-side or buy-side private M&A; public company M&A; debt arrangement and advice; private capital fund raisings; and general advice on strategic options, as well as acts as a corporate broker/NOMAD on a retained basis.