Insider Buying: Avation PLC (LON:AVAP) Insider Acquires 115 Shares of Stock

Avation PLC (LON:AVAP) insider Stephen Fisher acquired 115 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of £156 ($199.31) per share, with a total value of £17,940 ($22,920.66).

Avation Trading Down 0.6 %

Shares of Avation stock opened at GBX 155.50 ($1.99) on Wednesday. The business has a fifty day simple moving average of GBX 161.20 and a two-hundred day simple moving average of GBX 143.54. Avation PLC has a 1 year low of GBX 102.80 ($1.31) and a 1 year high of GBX 192 ($2.45). The company has a market capitalization of £110.22 million, a price-to-earnings ratio of 740.48, a P/E/G ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33.

Avation Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, November 28th will be issued a dividend of GBX 0.50 ($0.01) per share. This is an increase from Avation’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 0.29%. Avation’s dividend payout ratio (DPR) is currently 3,809.52%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on Avation from GBX 280 ($3.58) to GBX 255 ($3.26) and set a “buy” rating for the company in a report on Thursday, September 26th.

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.