Spirent Communications plc (LON:SPT) Insider Gary Bullard Acquires 4,250 Shares

Spirent Communications plc (LON:SPT) insider Gary Bullard bought 4,250 shares of Spirent Communications stock in a transaction dated Thursday, April 8th. The stock was acquired at an average cost of GBX 243 ($3.17) per share, with a total value of £10,327.50 ($13,492.94).

Gary Bullard also recently made the following trade(s):

  • On Thursday, March 11th, Gary Bullard purchased 10,000 shares of Spirent Communications stock. The shares were acquired at an average cost of GBX 256 ($3.34) per share, with a total value of £25,600 ($33,446.56).

Shares of SPT traded up GBX 7.70 ($0.10) during mid-day trading on Thursday, hitting GBX 249.70 ($3.26). The stock had a trading volume of 1,378,471 shares, compared to its average volume of 1,510,402. The firm has a market cap of £1.53 billion and a P/E ratio of 17.66. The business has a fifty day moving average price of GBX 240.23 and a 200-day moving average price of GBX 261.25. The company has a debt-to-equity ratio of 6.37, a current ratio of 2.56 and a quick ratio of 2.35. Spirent Communications plc has a 52 week low of GBX 220 ($2.87) and a 52 week high of GBX 311.09 ($4.06).

The company also recently declared a dividend, which will be paid on Friday, April 30th. Stockholders of record on Thursday, March 18th will be paid a dividend of GBX 8.18 ($0.11) per share. This is an increase from Spirent Communications’s previous dividend of $1.67. The ex-dividend date of this dividend is Thursday, March 18th. This represents a dividend yield of 3.26%. Spirent Communications’s dividend payout ratio is presently 0.41%.

Several research firms have weighed in on SPT. Canaccord Genuity boosted their price objective on Spirent Communications from GBX 275 ($3.59) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research report on Friday, March 12th. Liberum Capital reissued a “buy” rating and issued a GBX 310 ($4.05) price target on shares of Spirent Communications in a report on Monday, January 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Spirent Communications presently has an average rating of “Hold” and an average target price of GBX 267.40 ($3.49).

Spirent Communications Company Profile

Spirent Communications plc provides test, assurance, and analytics solutions for devices and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It operates through Networks & Security and Lifecycle Service Assurance segments. The Networks & Security segment provides high-speed Ethernet/IP performance testing for the development and validation of new equipment, networks, and applications for cloud and mobile; consulting services, test tools, methodologies, and security validation solutions; global navigation satellite system (GNSS) simulation products; and positioning, navigation and timing (PNT) solutions, as well as develops test methodologies, tools, and services for virtualized networks and cloud.

See Also: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Spirent Communications (LON:SPT)

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