Insider Buying: On the Beach Group plc (LON:OTB) Insider Acquires 765 Shares of Stock

On the Beach Group plc (LON:OTB) insider Shaun Morton acquired 765 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of GBX 235 ($3.03) per share, with a total value of £1,797.75 ($2,321.17).

Shaun Morton also recently made the following trade(s):

• On Monday, March 10th, Shaun Morton sold 45,054 shares of On the Beach Group stock. The stock was sold at an average price of GBX 228 ($2.94), for a total value of £102,723.12 ($132,631.53).

On the Beach Group Price Performance

Shares of OTB opened at GBX 237 ($3.06) on Friday. On the Beach Group plc has a 12-month low of GBX 127.75 ($1.65) and a 12-month high of GBX 265.50 ($3.43). The business has a 50-day simple moving average of GBX 242.40 and a two-hundred day simple moving average of GBX 200.01. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53. The stock has a market cap of £384.81 million, a PE ratio of 25.90, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th were issued a GBX 2.10 ($0.03) dividend. This represents a yield of 1.02%. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s dividend payout ratio is presently 10.93%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of On the Beach Group in a research report on Tuesday, February 25th.

On the Beach Group Company Profile

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.