Headlam Group (LON:HEAD) Trading 13.2% Higher After Insider Buying Activity

Headlam Group plc (LON:HEAD)’s stock price rose 13.2% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 94 ($1.25) and last traded at GBX 92.40 ($1.23). Approximately 340,877 shares were traded during trading, an increase of 350% from the average daily volume of 75,733 shares. The stock had previously closed at GBX 81.60 ($1.08).

Specifically, insider Jemima Bird bought 12,117 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of GBX 82 ($1.09) per share, for a total transaction of £9,935.94 ($13,181.14).

Headlam Group Stock Performance

The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The stock has a market capitalization of £72.95 million, a price-to-earnings ratio of -5.98 and a beta of 1.42. The stock’s 50-day simple moving average is GBX 92.60 and its 200 day simple moving average is GBX 118.37.

Headlam Group (LON:HEAD) last announced its earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.46)) EPS for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. Analysts expect that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

Headlam Group Company Profile

Headlam is the UK’s leading floorcovering distributor. Operating for over 30 years, the Company has expanded to a network of c. 2,030 people, 17 distribution branches, and 76 trade counters.

The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products to the large and diverse trade customer base.

The Company has an extensive customer base spanning independent and multiple retailers, small and large contractors, and house builders.