Cohort (LON:CHRT) Hits New 12-Month High on Insider Buying Activity

Cohort plc (LON:CHRT) shares hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 768 ($9.56) and last traded at GBX 742 ($9.24), with a volume of 79106 shares traded. The stock had previously closed at GBX 740 ($9.21).

Specifically, insider Andrew Stephen Thomis purchased 2,753 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average price of GBX 727 ($9.05) per share, for a total transaction of £20,014.31 ($24,915.11). Insiders own 35.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a research note on Thursday, March 28th.

Cohort Trading Up 0.8 %

The company has a current ratio of 1.69, a quick ratio of 0.93 and a debt-to-equity ratio of 32.14. The business has a 50 day moving average of GBX 609.08 and a 200-day moving average of GBX 552.47. The stock has a market cap of £310.64 million, a PE ratio of 2,266.67 and a beta of 0.53.

Cohort Cuts Dividend

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