Richard Harris Buys 30,000 Shares of The Rank Group Plc (LON:RNK) Stock

The Rank Group Plc (LON:RNK) insider Richard Harris acquired 30,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of GBX 76 ($0.99) per share, with a total value of £22,800 ($29,625.78).

The Rank Group Stock Performance

Shares of RNK stock opened at GBX 78 ($1.01) on Wednesday. The Rank Group Plc has a twelve month low of GBX 60.40 ($0.78) and a twelve month high of GBX 99.80 ($1.30). The stock’s fifty day simple moving average is GBX 70.94 and its 200 day simple moving average is GBX 74.34. The company has a quick ratio of 0.65, a current ratio of 0.44 and a debt-to-equity ratio of 64.63. The firm has a market capitalization of £365.38 million, a P/E ratio of -390.00, a P/E/G ratio of 1.75 and a beta of 2.46.

The Rank Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.21%. The ex-dividend date is Thursday, September 19th. The Rank Group’s dividend payout ratio (DPR) is currently -4,000.00%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of The Rank Group in a research note on Thursday, August 15th.

About The Rank Group

The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.