Insider Buying: Accent Group Ltd (ASX:AX1) Insider Acquires A$848,588.55 in Stock

Accent Group Ltd (ASX:AX1) insider Brett Blundy acquired 832,766 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of A$1.02 ($0.72) per share, for a total transaction of A$848,588.55 ($601,835.85).

Shares of Accent Group stock opened at A$0.62 ($0.44) on Thursday. The company has a market cap of $330.72 million and a price-to-earnings ratio of 6.28. The company’s 50 day moving average is A$1.47 and its 200 day moving average is A$1.63. Accent Group Ltd has a twelve month low of A$0.99 ($0.70) and a twelve month high of A$2.20 ($1.56). The company has a quick ratio of 0.32, a current ratio of 0.95 and a debt-to-equity ratio of 108.99.

The business also recently disclosed a Interim dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were given a dividend of $0.053 per share. This is an increase from Accent Group’s previous Interim dividend of $0.05. The ex-dividend date was Wednesday, March 4th. This represents a yield of 2.46%. Accent Group’s dividend payout ratio is 91.84%.

About Accent Group

Accent Group Limited engages in the retail, distribution, and franchise of footwear, apparel, and accessories in Australia and New Zealand. Its brands include The Athlete's Foot, Platypus Shoes, Hype DC, Skechers, Merrell, CAT, Vans, Dr. Martens, Saucony, Timberland, Sperry, Palladium, Stance, and Podium Sports.

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