Andi Case Sells 4,678 Shares of Clarkson PLC (LON:CKN) Stock

Clarkson PLC (LON:CKN) insider Andi Case sold 4,678 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of GBX 4,000 ($50.25), for a total transaction of £187,120 ($235,075.38).

Clarkson Trading Down 1.5 %

CKN traded down GBX 60 ($0.75) on Thursday, reaching GBX 3,960 ($49.75). 32,054 shares of the company traded hands, compared to its average volume of 57,497. The company has a quick ratio of 1.69, a current ratio of 1.59 and a debt-to-equity ratio of 9.46. The company has a market cap of £1.21 billion, a P/E ratio of 1,467.15 and a beta of 1.16. The firm has a fifty day simple moving average of GBX 3,958.29 and a two-hundred day simple moving average of GBX 3,445.28. Clarkson PLC has a one year low of GBX 2,500 ($31.41) and a one year high of GBX 4,145 ($52.07).

Clarkson Increases Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 4,950 ($62.19) price objective on shares of Clarkson in a research note on Tuesday. Canaccord Genuity Group raised their price objective on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the company an “overweight” rating in a research note on Tuesday, March 5th.

Clarkson Company Profile

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.