Merchants Trust (LON:MRCH) Insider Acquires £2,148 in Stock

Merchants Trust (LON:MRCH) insider Mal Patel purchased 400 shares of the stock in a transaction on Tuesday, April 16th. The stock was bought at an average cost of GBX 537 ($6.68) per share, for a total transaction of £2,148 ($2,673.97).

Merchants Trust Stock Down 0.2 %

Merchants Trust stock opened at GBX 540 ($6.72) on Friday. The stock has a market cap of £794.34 million, a P/E ratio of 4,153.85 and a beta of 0.91. The company has a quick ratio of 0.70, a current ratio of 0.31 and a debt-to-equity ratio of 10.67. Merchants Trust has a twelve month low of GBX 476 ($5.93) and a twelve month high of GBX 585.99 ($7.29). The company’s 50-day moving average price is GBX 527.10 and its two-hundred day moving average price is GBX 526.82.

Merchants Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.33%. Merchants Trust’s payout ratio is presently 21,538.46%.

Merchants Trust Company Profile

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.