Cavendish Financial (LON:CAV) Trading Up 6.8% After Insider Buying Activity

Cavendish Financial plc (LON:CAV)’s share price shot up 6.8% on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 10.50 and last traded at GBX 10.15. 1,102,080 shares changed hands during mid-day trading, an increase of 138% from the average session volume of 463,235 shares. The stock had previously closed at GBX 9.50.

Specifically, insider Lisa Gordon acquired 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of GBX 10 per share, for a total transaction of £45,000.

Cavendish Financial Stock Performance

The company has a market capitalization of £35.25 million, a price-to-earnings ratio of 26.25 and a beta of 1.23. The company has a 50-day moving average price of GBX 10.20 and a 200-day moving average price of GBX 11.55.

Cavendish Financial (LON:CAV) last announced its quarterly earnings results on Thursday, October 30th. The company reported GBX 0.40 earnings per share for the quarter. Cavendish Financial had a negative net margin of 7.44% and a negative return on equity of 8.98%. As a group, sell-side analysts anticipate that Cavendish Financial plc will post 1.048913 earnings per share for the current fiscal year.

About Cavendish Financial

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.

For more information on Cavendish, please visit www.cavendish.com