Cohort (LON:CHRT) Reaches New 1-Year High on Insider Buying Activity

Cohort plc (LON:CHRT)’s share price hit a new 52-week high on Monday following insider buying activity. The company traded as high as GBX 748 ($9.47) and last traded at GBX 724 ($9.16), with a volume of 318416 shares trading hands. The stock had previously closed at GBX 718 ($9.09).

Specifically, insider Andrew Stephen Thomis bought 2,753 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average cost of GBX 727 ($9.20) per share, with a total value of £20,014.31 ($25,331.36). In other news, insider Peter Lynas purchased 15,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was bought at an average price of GBX 545 ($6.90) per share, for a total transaction of £81,750 ($103,467.92). Also, insider Andrew Stephen Thomis acquired 2,753 shares of Cohort stock in a transaction dated Monday, April 8th. The stock was purchased at an average price of GBX 727 ($9.20) per share, for a total transaction of £20,014.31 ($25,331.36). Insiders own 35.09% of the company’s stock.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Cohort in a report on Thursday, March 28th.

Cohort Trading Down 0.6 %

The firm has a market capitalization of £298.04 million, a price-to-earnings ratio of 2,175.76 and a beta of 0.53. The company has a debt-to-equity ratio of 32.14, a quick ratio of 0.93 and a current ratio of 1.69. The company has a 50-day moving average price of GBX 595.12 and a 200-day moving average price of GBX 544.12.

Cohort Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, January 4th were issued a GBX 4.70 ($0.06) dividend. This represents a yield of 0.88%. The ex-dividend date of this dividend was Thursday, January 4th. Cohort’s dividend payout ratio (DPR) is 4,242.42%.

About Cohort

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.