Insider Buying: Workspace Group Plc (LON:WKP) Insider Buys £19,620 in Stock

Workspace Group Plc (LON:WKP) insider Nick Mackenzie acquired 4,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were bought at an average cost of GBX 436 ($5.39) per share, with a total value of £19,620 ($24,234.19).

Workspace Group Trading Up 0.8 %

Shares of Workspace Group stock opened at GBX 438 ($5.41) on Friday. Workspace Group Plc has a 12-month low of GBX 427.50 ($5.28) and a 12-month high of GBX 664 ($8.20). The stock has a market capitalization of £840.96 million, a P/E ratio of -438.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a 50-day simple moving average of GBX 506.16 and a 200 day simple moving average of GBX 577.22. The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43.

Workspace Group (LON:WKP) last posted its earnings results on Friday, November 22nd. The company reported GBX 16.90 ($0.21) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 11.54%. Research analysts expect that Workspace Group Plc will post 36.7630058 earnings per share for the current fiscal year.

Workspace Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 9th will be paid a GBX 9.40 ($0.12) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.74%. Workspace Group’s dividend payout ratio (DPR) is presently -2,800.00%.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.