Mercia Asset Management PLC (LON:MERC) Announces Dividend of GBX 0.55

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 0.55 ($0.01) per share on Friday, November 1st. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Mercia Asset Management’s previous dividend of $0.35. The official announcement can be viewed at this link.

Mercia Asset Management Stock Performance

Shares of LON MERC opened at GBX 32.29 ($0.43) on Wednesday. Mercia Asset Management has a 12-month low of GBX 21 ($0.28) and a 12-month high of GBX 37 ($0.49). The company has a market cap of £139.26 million, a PE ratio of -1,600.00 and a beta of 1.20. The stock has a 50 day simple moving average of GBX 34.36 and a 200-day simple moving average of GBX 33.33. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 64 ($0.86) price target on shares of Mercia Asset Management in a research report on Thursday, September 26th.

Insider Transactions at Mercia Asset Management

In related news, insider Martin James Glanfield purchased 119,223 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average price of GBX 35 ($0.47) per share, with a total value of £41,728.05 ($55,816.01). Corporate insiders own 27.11% of the company’s stock.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.