Insider Buying: AdEPT Telecom plc (ADT) Insider Acquires 10,000 Shares of Stock

AdEPT Telecom plc (LON:ADT) insider Christopher Kingsman acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was purchased at an average price of GBX 288 ($3.88) per share, for a total transaction of £28,800 ($38,761.78).

Shares of AdEPT Telecom plc (ADT) traded up GBX 9.85 ($0.13) during mid-day trading on Wednesday, reaching GBX 299.85 ($4.04). The company’s stock had a trading volume of 3,754 shares, compared to its average volume of 9,284. AdEPT Telecom plc has a 12 month low of GBX 247.50 ($3.33) and a 12 month high of GBX 385 ($5.18).

The company also recently disclosed a dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 15th will be issued a GBX 4.25 ($0.06) dividend. The ex-dividend date is Thursday, March 15th. This represents a yield of 1.37%. This is a positive change from AdEPT Telecom’s previous dividend of $4.00.

Separately, Northland Securities restated a “buy” rating and issued a GBX 400 ($5.38) price objective on shares of AdEPT Telecom in a report on Thursday, November 23rd.

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AdEPT Telecom Company Profile

AdEPT Telecom plc is engaged in providing managed services for information technology (IT), unified communications, connectivity and voice to over 100 Councils, NHS Trusts and other government bodies. The Company’s segments are fixed line services (being calls and line rental services) and managed services (which are data connectivity, hardware services, IP telephony, support and maintenance services).

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