Insider Selling: GB Group plc (LON:GBG) Insider Sells £531,840 in Stock

GB Group plc (LON:GBG) insider David John Wilson sold 96,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of GBX 554 ($7.24), for a total value of £531,840 ($694,943.16).

David John Wilson also recently made the following trade(s):

  • On Tuesday, June 18th, David John Wilson sold 149,025 shares of GB Group stock. The shares were sold at an average price of GBX 540 ($7.06), for a total value of £804,735 ($1,051,528.81).
  • On Thursday, June 20th, David John Wilson sold 62,139 shares of GB Group stock. The shares were sold at an average price of GBX 534 ($6.98), for a total value of £331,822.26 ($433,584.56).

GBG opened at GBX 552 ($7.21) on Friday. The firm’s 50 day simple moving average is GBX 568.10. The company has a market cap of $1.06 billion and a price-to-earnings ratio of 72.63. The company has a debt-to-equity ratio of 27.03, a current ratio of 1.06 and a quick ratio of 0.94. GB Group plc has a one year low of GBX 407.50 ($5.32) and a one year high of GBX 638 ($8.34).

The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th will be given a dividend of GBX 2.99 ($0.04) per share. This is a positive change from GB Group’s previous dividend of $2.65. The ex-dividend date is Thursday, July 18th. This represents a yield of 0.51%. GB Group’s dividend payout ratio is presently 0.39%.

A number of research analysts have commented on GBG shares. Numis Securities upped their price target on from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the company a “buy” rating in a research report on Thursday, June 6th. Peel Hunt raised MJ Gleeson to a “hold” rating and upped their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a research report on Thursday, July 4th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 214 ($2.80) price target on shares of Acacia Mining in a research report on Thursday, April 25th.

About GB Group

GB Group plc, together with its subsidiaries, provides identity data intelligence services in the United Kingdom, the United States, Australia, and internationally. It operates in two segments, Fraud, Risk & Compliance and Customer & Location Intelligence. The company offers ID verification services, which helps in verifying identities remotely without the physical presentation of documentation for combat ID fraud, money laundering, and restricting access to under-age content, purchases, and gambling; and ID employ and comply that provides background checks through an online verification and authentication of individuals.

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