Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Acquires 25,000 Shares of Stock

Coventry Group Ltd (ASX:CYG) insider Neil Cathie bought 25,000 shares of Coventry Group stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of A$1.22 ($0.76) per share, with a total value of A$30,400.00 ($19,000.00).

Neil Cathie also recently made the following trade(s):

• On Friday, December 6th, Neil Cathie acquired 12,164 shares of Coventry Group stock. The shares were bought at an average price of A$1.33 ($0.83) per share, with a total value of A$16,153.79 ($10,096.12).
• On Friday, October 11th, Neil Cathie bought 29,401 shares of Coventry Group stock. The shares were bought at an average cost of A$1.24 ($0.77) per share, with a total value of A$36,339.64 ($22,712.27).

Coventry Group Price Performance

The company has a debt-to-equity ratio of 94.64, a quick ratio of 0.57 and a current ratio of 1.30.

Coventry Group Increases Dividend

The company also recently declared a Final dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were paid a $0.037 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Coventry Group’s previous Final dividend of $0.04. This represents a dividend yield of 2.88%. Coventry Group’s payout ratio is currently 400.00%.

Coventry Group Company Profile

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.