Insider Buying: Action Hotels PLC (AHCG) Insider Purchases 176,438 Shares of Stock
Action Hotels PLC (LON:AHCG) insider Alain Debare purchased 176,438 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of GBX 44 ($0.57) per share, with a total value of £77,632.72 ($99,720.90).
Shares of Action Hotels PLC (LON:AHCG) traded up 4.29% on Thursday, reaching GBX 43.80. The company had a trading volume of 19,271 shares. The firm’s market capitalization is GBX 64.67 million. The firm has a 50-day moving average price of GBX 41.13 and a 200 day moving average price of GBX 48.22. Action Hotels PLC has a 1-year low of GBX 34.00 and a 1-year high of GBX 62.50.
The business also recently disclosed a dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 25th. This is a boost from Action Hotels PLC’s previous dividend of $0.76. This represents a dividend yield of 4%.
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Separately, Beaufort Securities initiated coverage on Action Hotels PLC in a research report on Wednesday, May 3rd. They issued a “speculative buy” rating for the company.
Action Hotels PLC Company Profile
Action Hotels plc is a hotel owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. The principal activities of the Company and its subsidiaries are owning, developing and operating hotels in the Middle East. The Company operates through four segments: Middle East hotel operations, Australia hotel operations, Hotels under construction and Undeveloped land sites.
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