Nicholas Politis Purchases 200,000 Shares of Eagers Automotive Limited (ASX:APE) Stock

Eagers Automotive Limited (ASX:APE) insider Nicholas Politis acquired 200,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of A$10.47 ($6.98) per share, with a total value of A$2,094,000.00 ($1,396,000.00).

Nicholas Politis also recently made the following trade(s):

• On Thursday, May 9th, Nicholas Politis acquired 50,000 shares of Eagers Automotive stock. The stock was purchased at an average price of A$12.02 ($8.01) per share, with a total value of A$601,050.00 ($400,700.00).
• On Thursday, February 29th, Nicholas Politis 1,783,727 shares of Eagers Automotive stock.

Eagers Automotive Price Performance

The company has a debt-to-equity ratio of 204.87, a quick ratio of 0.42 and a current ratio of 1.02.

Eagers Automotive Increases Dividend

The business also recently declared a Final dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.50 per share. This represents a dividend yield of 3.34%. The ex-dividend date was Wednesday, March 13th. This is a boost from Eagers Automotive’s previous Final dividend of $0.49. Eagers Automotive’s dividend payout ratio is 67.27%.

About Eagers Automotive

Eagers Automotive Limited, an automotive retail company, owns and operates motor vehicle dealerships in Australia and New Zealand. It operates in two segments, Car Retailing and Property. The Car Retailing segment offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, vehicle parts, service contracts, vehicle brokerage services, vehicle protection products, and other aftermarket products.