Cavendish Financial (LON:CAV) Stock Price Down 2.3% – Here’s What Happened

Cavendish Financial plc (LON:CAV) shares fell 2.3% during mid-day trading on Friday . The stock traded as low as GBX 9 ($0.11) and last traded at GBX 9.04 ($0.11). 956,205 shares traded hands during mid-day trading, an increase of 156% from the average session volume of 373,718 shares. The stock had previously closed at GBX 9.25 ($0.12).

Cavendish Financial Trading Down 2.3 %

The company has a market capitalization of £30.05 million, a price-to-earnings ratio of -904.00 and a beta of 1.23. The firm’s 50 day simple moving average is GBX 10.07 and its 200-day simple moving average is GBX 10.90.

Cavendish Financial (LON:CAV) last issued its quarterly earnings results on Monday, November 11th. The company reported GBX 0.40 ($0.00) earnings per share (EPS) for the quarter. Cavendish Financial had a negative net margin of 7.49% and a negative return on equity of 10.81%. As a group, sell-side analysts forecast that Cavendish Financial plc will post 1.048913 EPS for the current fiscal year.

Cavendish Financial Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a dividend of GBX 0.30 ($0.00) per share. This represents a dividend yield of 2.73%. This is an increase from Cavendish Financial’s previous dividend of $0.25. The ex-dividend date of this dividend was Thursday, November 21st. Cavendish Financial’s dividend payout ratio is -20,000.00%.

Insider Activity

In related news, insider Mark Astaire purchased 4,103 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 11 ($0.14) per share, with a total value of £451.33 ($563.53). Insiders own 59.20% of the company’s stock.

About Cavendish Financial

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.