Insider Buying: Smartgroup Co. Ltd (ASX:SIQ) Insider Acquires 25,000 Shares of Stock

Smartgroup Co. Ltd (ASX:SIQGet Free Report) insider John Prendiville acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of A$6.95 ($4.37) per share, for a total transaction of A$173,750.00 ($109,276.73).

Smartgroup Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 34.82. The stock has a market cap of $1.05 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 7.51 and a beta of 0.77.

Smartgroup Cuts Dividend

The business also recently disclosed a Final dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a $0.31 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 3.72%. Smartgroup’s dividend payout ratio (DPR) is presently 67.31%.

Smartgroup Company Profile

(Get Free Report)

Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

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