abrdn (LON:ABDN) Reaches New 1-Year Low Following Insider Selling

abrdn plc (LON:ABDN) shares reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The stock traded as low as GBX 136.05 ($1.69) and last traded at GBX 137 ($1.71), with a volume of 1543937 shares traded. The stock had previously closed at GBX 141.05 ($1.76).

Specifically, insider Douglas J. Flint sold 36,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of GBX 140 ($1.74), for a total transaction of £51,100 ($63,612.60). In other news, insider Douglas J. Flint sold 36,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of GBX 140 ($1.74), for a total value of £51,100 ($63,612.60). Also, insider Stephen Bird sold 29,942 shares of abrdn stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of GBX 141 ($1.76), for a total value of £42,218.22 ($52,555.98). 2.43% of the stock is currently owned by company insiders.

abrdn Stock Performance

The company has a 50-day moving average of GBX 149.72 and a 200-day moving average of GBX 161.77. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of -777.25, a price-to-earnings-growth ratio of 12.70 and a beta of 1.30. The company has a current ratio of 3.48, a quick ratio of 24.97 and a debt-to-equity ratio of 16.15.

abrdn Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 14th will be paid a dividend of GBX 7.30 ($0.09) per share. The ex-dividend date is Thursday, March 14th. This represents a yield of 4.52%.

abrdn Company Profile

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.