Team Internet Group plc (LON:TIG) Insider Max Royde Acquires 8,000 Shares

Team Internet Group plc (LON:TIG) insider Max Royde bought 8,000 shares of Team Internet Group stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of GBX 140 ($1.85) per share, with a total value of £11,200 ($14,769.88).

Team Internet Group Price Performance

LON:TIG traded up GBX 0.11 ($0.00) on Tuesday, reaching GBX 141.32 ($1.86). 473,737 shares of the company’s stock were exchanged, compared to its average volume of 593,230. Team Internet Group plc has a 52 week low of GBX 112.34 ($1.48) and a 52 week high of GBX 207.50 ($2.74). The firm has a market cap of £353.50 million, a price-to-earnings ratio of 2,052.86 and a beta of 0.66. The stock has a fifty day simple moving average of GBX 177.47 and a 200-day simple moving average of GBX 160.40.

Team Internet Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, August 29th. Team Internet Group’s dividend payout ratio (DPR) is presently 2,857.14%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on shares of Team Internet Group from GBX 205 ($2.70) to GBX 220 ($2.90) and gave the company a “buy” rating in a research report on Monday, August 12th.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.