FDM Group (LON:FDM) Trading 16.2% Higher After Dividend Announcement

FDM Group (Holdings) plc (LON:FDM) traded up 16.2% on Wednesday following a dividend announcement from the company. The company traded as high as GBX 266 ($3.45) and last traded at GBX 258 ($3.35). 2,650,492 shares were traded during trading, an increase of 352% from the average session volume of 586,742 shares. The stock had previously closed at GBX 222 ($2.88).

The newly announced dividend which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a dividend of GBX 22 ($0.29) per share. This represents a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from FDM Group’s previous dividend of $10.00. FDM Group’s payout ratio is presently 104.05%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of FDM Group in a research note on Wednesday.

FDM Group Stock Down 2.3 %

The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75. The stock’s 50-day simple moving average is GBX 239.55 and its 200-day simple moving average is GBX 316.04. The firm has a market capitalization of £272.93 million, a P/E ratio of 8.97 and a beta of 0.97.

FDM Group (LON:FDM) last issued its quarterly earnings data on Thursday, March 20th. The company reported GBX 23 ($0.30) earnings per share (EPS) for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. As a group, research analysts predict that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael (Mike) McLaren bought 212 shares of FDM Group stock in a transaction dated Thursday, February 6th. The stock was purchased at an average cost of GBX 235 ($3.05) per share, with a total value of £498.20 ($646.01). Also, insider Sheila Flavell purchased 338 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were acquired at an average price of GBX 295 ($3.83) per share, for a total transaction of £997.10 ($1,292.92). In the last ninety days, insiders bought 775 shares of company stock valued at $199,255. Corporate insiders own 17.79% of the company’s stock.

About FDM Group

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc.