Clarkson PLC (LON:CKN) Insider Sells £764,999.75 in Stock

Clarkson PLC (LON:CKN) insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($50.73), for a total value of £764,999.75 ($952,321.36).

Clarkson Price Performance

Shares of CKN stock opened at GBX 4,035 ($50.23) on Friday. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.59 and a quick ratio of 1.69. The company has a market capitalization of £1.24 billion, a P/E ratio of 1,472.63 and a beta of 1.16. The company’s 50-day simple moving average is GBX 3,839.39 and its two-hundred day simple moving average is GBX 3,318.30. Clarkson PLC has a one year low of GBX 2,500 ($31.12) and a one year high of GBX 4,145 ($51.60).

Clarkson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a GBX 72 ($0.90) dividend. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, May 9th. This is a boost from Clarkson’s previous dividend of $30.00. Clarkson’s dividend payout ratio is presently 3,722.63%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CKN. Canaccord Genuity Group upped their price target on Clarkson from GBX 4,325 ($53.84) to GBX 4,500 ($56.02) and gave the stock a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised their price target on Clarkson from GBX 4,080 ($50.79) to GBX 4,320 ($53.78) and gave the stock an “overweight” rating in a research report on Tuesday, March 5th.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.