Insider Buying: Morses Club PLC (LON:MCL) Insider Buys 250,000 Shares of Stock

Morses Club PLC (LON:MCL) insider Gary Marshall purchased 250,000 shares of the company’s stock in a transaction dated Thursday, May 13th. The shares were acquired at an average price of GBX 61 ($0.80) per share, for a total transaction of £152,500 ($199,242.23).

Shares of MCL stock opened at GBX 61.30 ($0.80) on Friday. Morses Club PLC has a fifty-two week low of GBX 30.60 ($0.40) and a fifty-two week high of GBX 79.12 ($1.03). The firm has a market capitalization of £81.24 million and a price-to-earnings ratio of 17.03. The company has a debt-to-equity ratio of 22.10, a quick ratio of 7.58 and a current ratio of 7.96. The stock’s 50-day simple moving average is GBX 54.03 and its 200-day simple moving average is GBX 50.74.

The company also recently announced a dividend, which will be paid on Friday, July 30th. Investors of record on Thursday, July 1st will be issued a dividend of GBX 2 ($0.03) per share. This is an increase from Morses Club’s previous dividend of $1.00. The ex-dividend date is Thursday, July 1st. This represents a dividend yield of 3.6%. Morses Club’s payout ratio is 0.72%.

Separately, Shore Capital restated a “buy” rating on shares of Morses Club in a research note on Thursday.

About Morses Club

Morses Club PLC, together with its subsidiaries, provides home collected credit services in the United Kingdom. It offers online lending and e-money current account services. The company offers consumer credit through a network of 85 branches and approximately 1,695 self-employed agents, as well as online channels.

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