Volex plc (LON:VLX) Insider Buys £382,736.15 in Stock

Volex plc (LON:VLX) insider Nathaniel Rothschild purchased 107,813 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of GBX 355 ($4.60) per share, with a total value of £382,736.15 ($496,350.86).

Volex Trading Down 1.0 %

VLX opened at GBX 355.50 ($4.61) on Monday. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 70.82. Volex plc has a twelve month low of GBX 264.50 ($3.43) and a twelve month high of GBX 365 ($4.73). The stock has a market capitalization of £645.66 million, a price-to-earnings ratio of 2,221.88 and a beta of 0.96. The company has a 50-day simple moving average of GBX 345.55 and a 200 day simple moving average of GBX 316.98.

Volex Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 2.80 ($0.04) per share. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Volex’s previous dividend of $1.40. Volex’s dividend payout ratio is 2,500.00%.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($5.19) price objective on shares of Volex in a report on Monday, July 1st.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.