Christopher H. B. Mills Sells 1,000,000 Shares of M J Gleeson Group PLC (GLE) Stock
M J Gleeson Group PLC (LON:GLE) insider Christopher H. B. Mills sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of GBX 600 ($7.83), for a total value of £6,000,000 ($7,831,875.73).
Shares of M J Gleeson Group PLC (LON:GLE) traded down 0.04% during mid-day trading on Thursday, reaching GBX 599.79. The company’s stock had a trading volume of 68,242 shares. The firm’s 50 day moving average price is GBX 564.59 and its 200-day moving average price is GBX 545.50. M J Gleeson Group PLC has a 1-year low of GBX 385.00 and a 1-year high of GBX 630.00. The company’s market capitalization is GBX 322.42 million.
The business also recently announced a dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be issued a GBX 10 ($0.13) dividend. The ex-dividend date is Thursday, November 17th. This is a boost from M J Gleeson Group PLC’s previous dividend of $4.50. This represents a yield of 1.65%.
GLE has been the topic of a number of recent analyst reports. Liberum Capital upped their price objective on M J Gleeson Group PLC from GBX 520 ($6.79) to GBX 526 ($6.87) and gave the company a “buy” rating in a report on Tuesday, July 5th. N+1 Singer reiterated a “corporate” rating on shares of M J Gleeson Group PLC in a report on Monday.
About M J Gleeson Group PLC
M J Gleeson Group PLC is engaged in house building on brownfield land in the North of England with an emphasis on homes for local communities, and land trading, in the South of England, and benefiting from the enhancement of the value of green field sites by securing residential planning consents. The Company’s subsidiaries are engaged in provision of bid management; construction services; house building, housing regeneration and strategic land trading; investment in equity shares and loan stock of project companies delivering services under the Government’s private finance initiative; commercial property development; house building and housing regeneration; strategic land trading, and house building and housing regeneration.
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