Mitie Group plc (LON:MTO) Insider Acquires £149.60 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley bought 136 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 110 ($1.38) per share, for a total transaction of £149.60 ($188.08).

Phillip Bentley also recently made the following trade(s):

• On Thursday, November 21st, Phillip Bentley bought 200,000 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 109 ($1.37) per share, with a total value of £218,000 ($274,075.94).
• On Wednesday, October 16th, Phillip Bentley sold 4,750,000 shares of Mitie Group stock. The shares were sold at an average price of GBX 117 ($1.47), for a total value of £5,557,500 ($6,987,050.54).

Mitie Group Price Performance

Shares of LON MTO opened at GBX 110.80 ($1.39) on Thursday. The company has a debt-to-equity ratio of 67.87, a current ratio of 0.93 and a quick ratio of 0.83. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 1,231.11, a PEG ratio of 10.10 and a beta of 1.41. The firm’s 50 day simple moving average is GBX 113.57 and its 200-day simple moving average is GBX 117.51. Mitie Group plc has a 12 month low of GBX 93 ($1.17) and a 12 month high of GBX 127 ($1.60).

Mitie Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Thursday, December 19th will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, December 19th. This represents a yield of 1.17%. Mitie Group’s payout ratio is 4,444.44%.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.