IP Group Plc (LON:IPO) Insider Greg Smith Acquires 35,052 Shares

IP Group Plc (LON:IPO – Get Rating) insider Greg Smith purchased 35,052 shares of the stock in a transaction on Thursday, March 9th. The shares were purchased at an average price of GBX 57 ($0.69) per share, with a total value of £19,979.64 ($24,350.57).

IP Group Stock Down 3.5 %

Shares of LON:IPO opened at GBX 53.65 ($0.65) on Tuesday. The company has a market capitalization of £557.96 million, a PE ratio of 5,365.00 and a beta of 1.37. The company has a current ratio of 8.59, a quick ratio of 8.59 and a debt-to-equity ratio of 4.47. IP Group Plc has a twelve month low of GBX 51.80 ($0.63) and a twelve month high of GBX 97.49 ($1.19). The firm has a 50 day simple moving average of GBX 62.93 and a 200-day simple moving average of GBX 63.35.

IP Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, May 25th will be given a dividend of GBX 0.76 ($0.01) per share. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 25th. This is an increase from IP Group’s previous dividend of $0.50. IP Group’s payout ratio is currently 10,000.00%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 147 ($1.79) price objective on shares of IP Group in a research report on Wednesday, March 8th.

IP Group Company Profile

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IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, growth capital, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.