David J. B. Shearer Acquires 100,000 Shares of Speedy Hire Plc (SDY) Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer bought 100,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of GBX 64 ($0.84) per share, for a total transaction of £64,000 ($83,627.34).

Shares of SDY stock opened at GBX 63.20 ($0.83) on Thursday. Speedy Hire Plc has a 52 week low of GBX 53.40 ($0.70) and a 52 week high of GBX 66 ($0.86). The firm has a market capitalization of $328.32 million and a P/E ratio of 16.21. The company has a quick ratio of 1.10, a current ratio of 1.19 and a debt-to-equity ratio of 36.10.

The firm also recently declared a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be paid a GBX 1.40 ($0.02) dividend. This is a positive change from Speedy Hire’s previous dividend of $0.60. The ex-dividend date is Thursday, July 4th. This represents a yield of 2.22%. Speedy Hire’s dividend payout ratio (DPR) is presently 0.51%.

SDY has been the topic of several recent analyst reports. Liberum Capital restated a “buy” rating on shares of Speedy Hire in a report on Wednesday, March 20th. Peel Hunt restated a “buy” rating on shares of Speedy Hire in a report on Wednesday, March 20th.

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About Speedy Hire

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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