Insider Buying: Mercia Asset Management (LON:MERC) Insider Acquires £27,074.32 in Stock

Mercia Asset Management PLC (LON:MERC) insider Martin James Glanfield purchased 104,132 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of GBX 26 per share, with a total value of £27,074.32.

Mercia Asset Management Stock Performance

Shares of LON:MERC opened at GBX 26.52 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. The stock has a market capitalization of £111.83 million, a price-to-earnings ratio of -13.26 and a beta of 0.76. The company’s 50 day simple moving average is GBX 27.17 and its 200 day simple moving average is GBX 28.14. Mercia Asset Management PLC has a 1 year low of GBX 25.12 and a 1 year high of GBX 34.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. As a group, research analysts predict that Mercia Asset Management PLC will post 0.9368771 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 price objective on shares of Mercia Asset Management in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 67.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.