Ingenia Communities Group (ASX:INA) Insider Simon Owen Acquires 100,000 Shares of Stock

Ingenia Communities Group (ASX:INA) insider Simon Owen acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average cost of A$3.40 ($2.41) per share, with a total value of A$340,000.00 ($241,134.75).

ASX INA traded up A$0.11 ($0.08) during trading on Thursday, hitting A$3.08 ($2.18). 2,034,970 shares of the company’s stock were exchanged, compared to its average volume of 309,026. The stock’s 50 day moving average price is A$4.54 and its two-hundred day moving average price is A$4.43. The company has a market cap of $834.20 million and a PE ratio of 18.90. Ingenia Communities Group has a fifty-two week low of A$2.94 ($2.09) and a fifty-two week high of A$5.28 ($3.74). The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 29.87.

The business also recently announced a Interim dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be given a $0.056 dividend. The ex-dividend date is Friday, February 21st. This represents a yield of 1.07%. This is a positive change from Ingenia Communities Group’s previous Interim dividend of $0.05. Ingenia Communities Group’s dividend payout ratio (DPR) is currently 67.48%.

About Ingenia Communities Group

Ingenia Communities (Ingenia) is a leading Australian property group that owns, operates and develops a growing portfolio of lifestyle communities across key urban and coastal markets. We are committed to creating communities where our residents and visitors can truly belong. Ingenia is an S&P/ASX 300 entity with a market capitalisation of over $650 million and listed on the Australian Securities Exchange under the stock market trading code ‘INA'.

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