Insider Selling: Focusrite PLC (TUNE) Insider Sells 150,000 Shares of Stock
Focusrite PLC (LON:TUNE) insider David Rollins Froker sold 150,000 shares of Focusrite PLC stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of GBX 175 ($2.19), for a total value of £262,500 ($327,961.02).
Shares of Focusrite PLC (LON:TUNE) opened at 181.00 on Wednesday. Focusrite PLC has a 12-month low of GBX 136.00 and a 12-month high of GBX 195.00. The company’s market capitalization is GBX 96.74 million. The stock’s 50 day moving average price is GBX 166.31 and its 200 day moving average price is GBX 156.93.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 18th. Investors of record on Thursday, December 1st will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a yield of 0.71%. This is a positive change from Focusrite PLC’s previous dividend of $0.65.
Separately, Panmure Gordon restated a “buy” rating and set a GBX 223 ($2.79) price target on shares of Focusrite PLC in a report on Tuesday.
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Focusrite PLC Company Profile
Focusrite Plc is a United Kingdom-based company engaged in the development, manufacture and marketing of professional audio and electronic music products. The Company’s segments are Focusrite, which includes sales of Focusrite branded products; Novation, which includes sales of Novation branded products, and Distribution, which is engaged in the distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cerwin Vega and Cakewalk.
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