Insider Buying: CLS Holdings plc (LON:CLI) Insider Buys 170 Shares of Stock

CLS Holdings plc (LON:CLI) insider Andrew Kirkman bought 170 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of GBX 88 ($1.11) per share, for a total transaction of £149.60 ($187.94).

Andrew Kirkman also recently made the following trade(s):

• On Wednesday, March 13th, Andrew Kirkman acquired 162 shares of CLS stock. The shares were bought at an average cost of GBX 93 ($1.17) per share, for a total transaction of £150.66 ($189.27).

CLS Stock Performance

Shares of LON CLI opened at GBX 89.70 ($1.13) on Friday. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.59 and a current ratio of 0.99. The firm has a market cap of £356.48 million, a price-to-earnings ratio of -142.38 and a beta of 0.95. The business’s 50-day simple moving average is GBX 86.59 and its 200-day simple moving average is GBX 92.45. CLS Holdings plc has a 52 week low of GBX 80 ($1.01) and a 52 week high of GBX 149.39 ($1.88).

CLS Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 2nd. Stockholders of record on Thursday, March 21st were issued a dividend of GBX 5.35 ($0.07) per share. This is a positive change from CLS’s previous dividend of $2.60. The ex-dividend date was Thursday, March 21st. This represents a dividend yield of 5.82%. CLS’s dividend payout ratio is currently -1,269.84%.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 114 ($1.43) price objective on shares of CLS in a report on Tuesday, March 12th.

About CLS

CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. The company operates in two segments, Investment Properties and Other Investments. It also invests in a hotel and other corporate investments.