Insider Buying: Impax Asset Management Group Plc (LON:IPX) Insider Purchases 12,000 Shares of Stock

Impax Asset Management Group Plc (LON:IPX) insider Lyle Logan bought 12,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were acquired at an average price of GBX 407 ($5.26) per share, with a total value of £48,840 ($63,166.06).

Impax Asset Management Group Stock Performance

LON:IPX traded down GBX 1.50 ($0.02) during trading hours on Thursday, reaching GBX 405 ($5.24). The company had a trading volume of 307,860 shares, compared to its average volume of 263,029. Impax Asset Management Group Plc has a 52 week low of GBX 350 ($4.53) and a 52 week high of GBX 609 ($7.88). The firm’s 50 day moving average price is GBX 424.08 and its 200-day moving average price is GBX 460.29. The company has a current ratio of 3.15, a quick ratio of 2.26 and a debt-to-equity ratio of 6.53. The firm has a market cap of £519.70 million, a price-to-earnings ratio of 1,355.00, a PEG ratio of 5.05 and a beta of 1.51.

Impax Asset Management Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 13th were paid a dividend of GBX 4.70 ($0.06) per share. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, June 13th. Impax Asset Management Group’s dividend payout ratio (DPR) is 9,333.33%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on shares of Impax Asset Management Group from GBX 700 ($9.05) to GBX 620 ($8.02) and set a “buy” rating for the company in a research report on Wednesday, July 10th.

Impax Asset Management Group Company Profile

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.