Mercia Asset Management PLC (LON:MERC) Insider Purchases £51,966.75 in Stock

Mercia Asset Management PLC (LON:MERC) insider Martin James Glanfield purchased 157,475 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of GBX 33 ($0.44) per share, for a total transaction of £51,966.75 ($68,903.14).

Mercia Asset Management Stock Performance

LON:MERC opened at GBX 33 ($0.44) on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. Mercia Asset Management PLC has a fifty-two week low of GBX 22 ($0.29) and a fifty-two week high of GBX 37 ($0.49). The business has a 50 day moving average price of GBX 30.75 and a 200-day moving average price of GBX 28.22. The firm has a market cap of £145.13 million, a PE ratio of 0.34 and a beta of 1.20.

Mercia Asset Management (LON:MERC) last released its quarterly earnings results on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. Equities research analysts predict that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their target price on Mercia Asset Management from GBX 64 ($0.85) to GBX 67 ($0.89) and gave the stock a “buy” rating in a research report on Tuesday, July 1st.

Mercia Asset Management Company Profile

Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations.

Mercia provides capital across its four asset classes of venture, debt, private equity and proprietary capital: the Group’s ‘Complete Connected Capital’.

The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the EPIC “MERC”.