Smiths News plc (LON:SNWS) Insider Sells £299,247.09 in Stock

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 490,569 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.78), for a total transaction of £299,247.09 ($385,081.83).

Jonathan Bunting also recently made the following trade(s):

• On Tuesday, November 5th, Jonathan Bunting sold 1,183,423 shares of Smiths News stock. The stock was sold at an average price of GBX 61 ($0.78), for a total transaction of £721,888.03 ($928,951.27).

Smiths News Stock Up 0.3 %

Shares of Smiths News stock traded up GBX 0.20 ($0.00) during trading hours on Thursday, reaching GBX 61.20 ($0.79). 551,350 shares of the company’s stock were exchanged, compared to its average volume of 542,772. Smiths News plc has a 1 year low of GBX 45 ($0.58) and a 1 year high of GBX 67.80 ($0.87). The company has a market capitalization of £145.10 million, a P/E ratio of 676.78, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The business has a fifty day moving average of GBX 57.98 and a two-hundred day moving average of GBX 58.83.

Smiths News Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 9.47%. This is a positive change from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio is currently 5,555.56%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.22) price objective on shares of Smiths News in a research note on Tuesday, November 5th.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.