Merchants Trust (LON:MRCH) Insider Mal Patel Buys 400 Shares

Merchants Trust (LON:MRCH) insider Mal Patel purchased 400 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was bought at an average price of GBX 537 ($6.68) per share, for a total transaction of £2,148 ($2,673.97).

Merchants Trust Trading Down 2.0 %

LON MRCH opened at GBX 535 ($6.66) on Wednesday. The company’s 50-day moving average price is GBX 526.50 and its 200-day moving average price is GBX 526.84. The company has a current ratio of 0.31, a quick ratio of 0.70 and a debt-to-equity ratio of 10.67. The stock has a market cap of £786.99 million, a PE ratio of 4,115.38 and a beta of 0.91. Merchants Trust has a 12 month low of GBX 476 ($5.93) and a 12 month high of GBX 588 ($7.32).

Merchants Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 18th will be issued a GBX 7.10 ($0.09) dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, April 18th. Merchants Trust’s payout ratio is presently 21,538.46%.

About Merchants Trust

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.