Merchants Trust (LON:MRCH) Insider Buys £2,148 in Stock

Merchants Trust (LON:MRCH) insider Mal Patel acquired 400 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of GBX 537 ($6.68) per share, with a total value of £2,148 ($2,673.97).

Merchants Trust Stock Performance

Shares of MRCH traded down GBX 11 ($0.14) during mid-day trading on Tuesday, hitting GBX 535 ($6.66). 234,714 shares of the company traded hands, compared to its average volume of 194,863. The company has a debt-to-equity ratio of 10.67, a quick ratio of 0.70 and a current ratio of 0.31. The stock has a 50-day moving average price of GBX 526.50 and a two-hundred day moving average price of GBX 526.84. Merchants Trust has a 1 year low of GBX 476 ($5.93) and a 1 year high of GBX 588 ($7.32). The stock has a market cap of £786.99 million, a price-to-earnings ratio of 4,153.85 and a beta of 0.91.

Merchants Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.33%. Merchants Trust’s payout ratio is 21,538.46%.

Merchants Trust Company Profile

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.