Jeff Woyda Sells 18,773 Shares of Clarkson PLC (LON:CKN) Stock

Clarkson PLC (LON:CKN) insider Jeff Woyda sold 18,773 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of GBX 4,075 ($50.73), for a total value of £764,999.75 ($952,321.36).

Clarkson Stock Performance

CKN traded up GBX 10 ($0.12) during midday trading on Wednesday, reaching GBX 4,020 ($50.04). The company’s stock had a trading volume of 29,591 shares, compared to its average volume of 56,830. The stock has a market cap of £1.23 billion, a P/E ratio of 1,463.50 and a beta of 1.16. The company has a fifty day simple moving average of GBX 3,805.19 and a 200 day simple moving average of GBX 3,299.08. The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46. Clarkson PLC has a twelve month low of GBX 2,500 ($31.12) and a twelve month high of GBX 4,145 ($51.60).

Clarkson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be issued a dividend of GBX 72 ($0.90) per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Clarkson’s previous dividend of $30.00. Clarkson’s dividend payout ratio (DPR) is presently 3,722.63%.

Analyst Upgrades and Downgrades

CKN has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Clarkson from GBX 4,080 ($50.79) to GBX 4,320 ($53.78) and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group raised their price target on Clarkson from GBX 4,325 ($53.84) to GBX 4,500 ($56.02) and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

Clarkson Company Profile

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.