MJ Gleeson (LON:GLE) Trading Down 0.8% – Should You Sell?

Shares of MJ Gleeson plc (LON:GLE) traded down 0.8% on Thursday . The stock traded as low as GBX 515 ($6.50) and last traded at GBX 520 ($6.56). 62,326 shares changed hands during trading, a decline of 13% from the average session volume of 71,376 shares. The stock had previously closed at GBX 524 ($6.61).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 643 ($8.12) price target on shares of MJ Gleeson in a research report on Wednesday, September 18th.

MJ Gleeson Price Performance

The firm has a market cap of £303.58 million, a PE ratio of 1,575.76 and a beta of 1.14. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37. The firm has a 50 day moving average price of GBX 563.02 and a 200-day moving average price of GBX 573.84.

MJ Gleeson Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were issued a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.25%. This is a positive change from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date of this dividend was Thursday, October 24th. MJ Gleeson’s dividend payout ratio (DPR) is presently 3,333.33%.

Insider Buying and Selling

In related news, insider Stefan Allanson sold 10,532 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 620 ($7.83), for a total value of £65,298.40 ($82,416.26). Also, insider Christopher H. B. Mills sold 300,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 610 ($7.70), for a total value of £1,830,000 ($2,309,731.16). Insiders own 16.85% of the company’s stock.

About MJ Gleeson

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.