Merchants Trust (LON:MRCH) Insider Acquires £2,148 in Stock

Merchants Trust (LON:MRCH) insider Mal Patel purchased 400 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average cost of GBX 537 ($6.68) per share, with a total value of £2,148 ($2,673.97).

Merchants Trust Trading Up 1.1 %

Shares of MRCH stock opened at GBX 541 ($6.73) on Thursday. The company has a debt-to-equity ratio of 10.67, a current ratio of 0.31 and a quick ratio of 0.70. The company has a market cap of £795.81 million, a price-to-earnings ratio of 4,161.54 and a beta of 0.91. The stock has a 50 day simple moving average of GBX 526.86 and a 200-day simple moving average of GBX 526.83. Merchants Trust has a 1-year low of GBX 476 ($5.93) and a 1-year high of GBX 586 ($7.29).

Merchants Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 7.10 ($0.09) per share. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, April 18th. Merchants Trust’s payout ratio is 21,538.46%.

About Merchants Trust

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.