Insider Buying: Renew Holdings plc (LON:RNWH) Insider Purchases 3,000 Shares of Stock

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

Renew Price Performance

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

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

Renew Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About Renew