FDM Group (LON:FDM) Trading Up 16.2% Following Dividend Announcement

FDM Group (Holdings) plc (LON:FDM)’s share price was up 16.2% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 266 ($3.46) and last traded at GBX 258 ($3.36). Approximately 2,650,492 shares traded hands during mid-day trading, an increase of 352% from the average daily volume of 586,742 shares. The stock had previously closed at GBX 222 ($2.89).

The newly announced dividend which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be paid a GBX 22 ($0.29) dividend. The ex-dividend date is Thursday, March 20th. This represents a yield of 3.23%. This is an increase from FDM Group’s previous dividend of $10.00. FDM Group’s dividend payout ratio (DPR) 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 Up 15.3 %

The company’s 50 day moving average price is GBX 240.37 and its two-hundred day moving average price is GBX 317.25. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75. The stock has a market cap of £279.48 million, a P/E ratio of 9.19 and a beta of 0.97.

Insider Activity

In other FDM Group news, insider Michael (Mike) McLaren acquired 212 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average cost of GBX 235 ($3.06) per share, with a total value of £498.20 ($648.11). Also, insider Sheila Flavell acquired 338 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were acquired at an average cost of GBX 295 ($3.84) per share, for a total transaction of £997.10 ($1,297.13). Over the last quarter, insiders purchased 775 shares of company stock valued at $199,255. Corporate insiders own 17.79% of the company’s stock.

FDM Group Company Profile

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.