Insider Buying: Renew Holdings plc (LON:RNWH) Insider Acquires £21,360 in Stock

Renew Holdings plc (LON:RNWH) insider Shatish D. Dasani acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of GBX 712 ($8.87) per share, with a total value of £21,360 ($26,620.14).

Renew Stock Down 21.9 %

Shares of LON RNWH opened at GBX 710 ($8.85) on Monday. The company has a 50 day simple moving average of GBX 959.74 and a 200 day simple moving average of GBX 1,038.84. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81. Renew Holdings plc has a 1 year low of GBX 681 ($8.49) and a 1 year high of GBX 1,296 ($16.15). The firm has a market cap of £561.89 million, a PE ratio of 1,145.16 and a beta of 1.06.

Renew (LON:RNWH) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) earnings per share for the quarter. Renew had a net margin of 4.45% and a return on equity of 27.90%.

Renew Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be given a dividend of GBX 12.67 ($0.16) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio is currently 2,903.23%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Renew in a research note on Friday, October 4th.

About Renew