David Rollins Froker Purchases 619,000 Shares of Focusrite PLC (TUNE) Stock
Focusrite PLC (LON:TUNE) insider David Rollins Froker bought 619,000 shares of the business’s stock in a transaction dated Thursday, November 24th. The stock was purchased at an average price of GBX 10 ($0.12) per share, with a total value of £61,900 ($77,336.33).
David Rollins Froker also recently made the following trade(s):
- On Tuesday, November 22nd, David Rollins Froker sold 150,000 shares of Focusrite PLC stock. The shares were sold at an average price of GBX 175 ($2.19), for a total transaction of £262,500 ($327,961.02).
Shares of Focusrite PLC (LON:TUNE) opened at 188.50 on Monday. The company has a 50 day moving average of GBX 168.34 and a 200-day moving average of GBX 157.41. Focusrite PLC has a one year low of GBX 136.00 and a one year high of GBX 195.00. The firm’s market cap is GBX 100.75 million.
The business also recently declared a dividend, which will be paid on Wednesday, January 18th. Investors of record on Thursday, December 1st will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date 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 reiterated a “buy” rating and issued a GBX 223 ($2.79) target price on shares of Focusrite PLC in a research note on Wednesday, September 14th.
About Focusrite PLC
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.
Receive News & Stock Ratings for Focusrite PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focusrite PLC and related stocks with our FREE daily email newsletter.