Mortgage Advice Bureau (LON:MAB1) Trading 15.3% Higher Following Dividend Announcement

Mortgage Advice Bureau (Holdings) plc (LON:MAB1)’s share price traded up 15.3% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 628 ($8.41) and last traded at GBX 627 ($8.40). 279,616 shares were traded during trading, an increase of 229% from the average session volume of 85,039 shares. The stock had previously closed at GBX 544 ($7.28).

The newly announced dividend which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be paid a GBX 13.40 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 2.46%. Mortgage Advice Bureau’s payout ratio is 12,173.91%.

Mortgage Advice Bureau Stock Down 5.5 %

The stock’s 50 day moving average is GBX 783.24 and its 200 day moving average is GBX 838.48. The company has a market capitalization of £337.33 million, a PE ratio of 2,530.43, a PEG ratio of 0.81 and a beta of 1.15. The company has a debt-to-equity ratio of 28.45, a quick ratio of 2.21 and a current ratio of 0.60.

Insider Buying and Selling at Mortgage Advice Bureau

In related news, insider Nathan James McLean Imlach acquired 254 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of GBX 835 ($11.18) per share, with a total value of £2,120.90 ($2,839.98). In other news, insider Emilie McCarthy purchased 2,470 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of GBX 588 ($7.87) per share, with a total value of £14,523.60 ($19,447.78). Also, insider Nathan James McLean Imlach acquired 254 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of GBX 835 ($11.18) per share, for a total transaction of £2,120.90 ($2,839.98). Insiders have acquired 3,304 shares of company stock valued at $2,149,274 in the last 90 days. 20.01% of the stock is currently owned by company insiders.

Mortgage Advice Bureau Company Profile

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company offers proprietary technology and services, which includes adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.