Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Buys £6,132.98 in Stock

Posted by Amy Steele on Apr 11th, 2024

Conduit Holdings Limited (LON:CRE – Get Free Report) insider Neil David Eckert acquired 1,234 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were bought at an average cost of GBX 497 ($6.29) per share, with a total value of £6,132.98 ($7,762.28).

Conduit Stock Performance

Shares of CRE stock opened at GBX 494.50 ($6.26) on Thursday. The stock has a fifty day moving average of GBX 498.03 and a 200 day moving average of GBX 472.89. Conduit Holdings Limited has a 52 week low of GBX 428.32 ($5.42) and a 52 week high of GBX 533 ($6.75). The firm has a market capitalization of £776.27 million, a price-to-earnings ratio of 526.06 and a beta of 0.49. The company has a quick ratio of 1.19, a current ratio of 0.59 and a debt-to-equity ratio of 0.23.

Conduit Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, March 21st will be paid a $0.18 dividend. This represents a yield of 3.06%. The ex-dividend date is Thursday, March 21st. Conduit’s payout ratio is 2,978.72%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price objective on Conduit from GBX 635 ($8.04) to GBX 695 ($8.80) and gave the company a “buy” rating in a research note on Wednesday, February 21st.

Read Our Latest Report on Conduit

About Conduit

(Get Free Report)

Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in the United States, Europe, and internationally. The company operates in three segments: Property, Casualty, and Specialty. It offers catastrophe and non-catastrophe property business lines; director's and officer's liability, financial institutions liability, general liability, medical malpractice, professional liability, transactional liability; and aviation, contingency, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, specie and fine art, war, whole account, and ceded reinsurance products.