Mark Ronan Sells 275,000 Shares of Adairs Limited (ASX:ADH) Stock

Adairs Limited (ASX:ADH) insider Mark Ronan sold 275,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of A$2.31 ($1.53), for a total transaction of A$633,875.00 ($419,784.77).

Mark Ronan also recently made the following trade(s):

• On Friday, April 5th, Mark Ronan 345,220 shares of Adairs stock.

Adairs Price Performance

The company has a debt-to-equity ratio of 127.53, a current ratio of 0.79 and a quick ratio of 0.27.

Adairs Cuts Dividend

The business also recently declared a Interim dividend, which was paid on Sunday, April 7th. Investors of record on Sunday, April 7th were paid a $0.05 dividend. This represents a yield of 2.08%. The ex-dividend date of this dividend was Sunday, March 10th. Adairs’s payout ratio is currently 45.45%.

Adairs Company Profile

Adairs Limited operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand. It operates through three segments: Adairs, Mocka and Focus. The company offers bedroom products, such as bedlinen, bedding, and bedroom furniture and accessories; bathroom and laundry products, consisting of towels, bath mats and runners, bathrobes and slippers, bathroom accessories, and laundry and home care products, as well as beach and kids beach towels; furniture products, such as bedroom, office, living room, outdoor, and kids furniture; home and outdoor comprising home styling, home care and gifting, pets, outdoor, storage, and kitchen products; kid's products, including kids bedlinen, bedding, décor, bathroom, furniture, christmas, and nursery; as well as gifting products and kid collection.