Trifast plc (LON:TRI) Insider Nicholas Mills Buys 347,500 Shares

Trifast plc (LON:TRI) insider Nicholas Mills bought 347,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of GBX 69 ($0.89) per share, for a total transaction of £239,775 ($310,428.53).

Nicholas Mills also recently made the following trade(s):

• On Monday, January 27th, Nicholas Mills purchased 100,000 shares of Trifast stock. The stock was acquired at an average price of GBX 80 ($1.04) per share, with a total value of £80,000 ($103,573.28).
• On Friday, January 24th, Nicholas Mills purchased 240,000 shares of Trifast stock. The shares were acquired at an average price of GBX 82 ($1.06) per share, for a total transaction of £196,800 ($254,790.26).

Trifast Stock Performance

Shares of Trifast stock opened at GBX 70 ($0.91) on Friday. The company has a 50 day moving average price of GBX 73.54 and a 200 day moving average price of GBX 78.33. The firm has a market capitalization of £96.84 million, a P/E ratio of -21.83 and a beta of 1.16. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. Trifast plc has a 52 week low of GBX 64.20 ($0.83) and a 52 week high of GBX 87 ($1.13).

Trifast Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be issued a GBX 0.60 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a dividend yield of 0.77%. Trifast’s dividend payout ratio is currently -62.39%.

About Trifast

About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.

Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.