Cohort plc (LON:CHRT – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 878 ($11.21) and last traded at GBX 876 ($11.18), with a volume of 130436 shares traded. The stock had previously closed at GBX 860 ($10.98).
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued a “buy” rating on shares of Cohort in a research note on Monday, July 15th.
Read Our Latest Stock Analysis on CHRT
Cohort Stock Performance
Cohort Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be given a GBX 10.10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.22%. This is a positive change from Cohort’s previous dividend of $4.70. Cohort’s dividend payout ratio (DPR) is currently 4,242.42%.
Insider Activity
In other Cohort news, insider Simon Walther sold 1,359 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 836 ($10.67), for a total transaction of £11,361.24 ($14,506.18). In other Cohort news, insider Simon Walther sold 1,359 shares of Cohort stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of GBX 836 ($10.67), for a total transaction of £11,361.24 ($14,506.18). Also, insider Andrew Stephen Thomis sold 19,224 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of GBX 808 ($10.32), for a total value of £155,329.92 ($198,327.27). Company insiders own 35.51% of the company’s stock.
About Cohort
Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.
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