Insider Buying: Austin Engineering (ASX:ANG) Insider Acquires 125,000 Shares of Stock

Austin Engineering Limited (ASX:ANG) insider James (Jim) Walker purchased 125,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of A$0.20 per share, with a total value of A$25,000.00.

Austin Engineering Price Performance

The company has a debt-to-equity ratio of 45.71, a quick ratio of 0.90 and a current ratio of 1.39. The stock has a market capitalization of $127.60 million, a PE ratio of 6.82, a P/E/G ratio of -7.53 and a beta of 0.32.

Austin Engineering Announces Dividend

The company also recently announced a Interim dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th will be paid a $0.003 dividend. This represents a yield of 150.0%. The ex-dividend date is Sunday, March 15th. Austin Engineering’s dividend payout ratio (DPR) is 30.00%.

About Austin Engineering

Austin Engineering Limited, together with its subsidiaries, manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors. It offers excavator, face shovel, front end loader, and stemming buckets; rope shovel dippers; and wear liner kits for mining applications, including hard rock, iron ore, and coal. The company also provides surface mining dump truck bodies; underground dump bodies; tyre handlers for surface and underground equipment; and ancillary equipment, such as live and shovel line cable reels, loader mounted cable reels, cable handlers, fork frames, crane jibs, quick couplers, man cages, and other products for mining applications.