Smiths News plc (LON:SNWS) Insider Jonathan Bunting Sells 490,569 Shares

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 490,569 shares of Smiths News stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of GBX 61 ($0.77), for a total transaction of £299,247.09 ($377,122.99).

Jonathan Bunting also recently made the following trade(s):

• On Tuesday, November 5th, Jonathan Bunting sold 1,183,423 shares of Smiths News stock. The stock was sold at an average price of GBX 61 ($0.77), for a total transaction of £721,888.03 ($909,751.77).

Smiths News Stock Performance

Shares of LON SNWS opened at GBX 61 ($0.77) on Friday. The company has a market capitalization of £144.62 million, a P/E ratio of 677.78, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a 52-week low of GBX 45 ($0.57) and a 52-week high of GBX 67.80 ($0.85). The company’s 50 day moving average price is GBX 58.13 and its 200-day moving average price is GBX 58.86.

Smiths News Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s payout ratio is 5,555.56%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 95 ($1.20) price target on shares of Smiths News in a research report on Tuesday, November 5th.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.