Insider Buying: Simplybiz Group PLC (LON:SBIZ) Insider Purchases £49,250 in Stock

Simplybiz Group PLC (LON:SBIZ) insider Matthew Lloyd Timmins bought 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of GBX 197 ($2.57) per share, with a total value of £49,250 ($64,353.85).

LON:SBIZ opened at GBX 193.84 ($2.53) on Thursday. Simplybiz Group PLC has a 1 year low of GBX 145 ($1.89) and a 1 year high of GBX 245 ($3.20). The firm has a 50 day moving average of GBX 198.63 and a 200-day moving average of GBX 212.18. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 68.03. The stock has a market capitalization of $187.60 million and a P/E ratio of 26.92.

The company also recently announced a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, September 19th will be paid a GBX 1.41 ($0.02) dividend. This represents a dividend yield of 0.74%. The ex-dividend date is Thursday, September 19th. Simplybiz Group’s dividend payout ratio (DPR) is currently 0.42%.

Separately, Peel Hunt reiterated a “buy” rating on shares of Simplybiz Group in a research note on Monday, September 9th.

About Simplybiz Group

The SimplyBiz Group Limited provides regulatory and business support services to professionals operating within the financial services market in the United Kingdom. It operates through two segments, Intermediary Services and Distribution Channels. The Intermediary Services segment provides compliance and regulation services to financial intermediary member firms, including directly authorized IFSs, directly authorized mortgage advisers, workplace consultants, and directly authorized consumer credit brokers.

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