Mal Patel Acquires 400 Shares of Merchants Trust (LON:MRCH) Stock

Merchants Trust (LON:MRCH) insider Mal Patel acquired 400 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of GBX 537 ($6.68) per share, with a total value of £2,148 ($2,673.97).

Merchants Trust Trading Up 1.1 %

MRCH stock opened at GBX 541 ($6.73) on Thursday. The firm has a fifty day moving average price of GBX 526.86 and a 200 day moving average price of GBX 526.83. Merchants Trust has a fifty-two week low of GBX 476 ($5.93) and a fifty-two week high of GBX 586 ($7.29). The company has a debt-to-equity ratio of 10.67, a quick ratio of 0.70 and a current ratio of 0.31. The firm has a market cap of £795.81 million, a PE ratio of 4,161.54 and a beta of 0.91.

Merchants Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 18th will be issued a GBX 7.10 ($0.09) dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, April 18th. Merchants Trust’s dividend payout ratio (DPR) is presently 21,538.46%.

About Merchants Trust

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.