Insider Buying: Harworth Group plc (LON:HWG) Insider Buys 9,576 Shares of Stock

Harworth Group plc (LON:HWG) insider Katerina Patmore acquired 9,576 shares of Harworth Group stock in a transaction on Wednesday, September 15th. The stock was purchased at an average price of GBX 161 ($2.10) per share, with a total value of £15,417.36 ($20,142.88).

HWG remained flat at $GBX 160 ($2.09) during trading on Wednesday. 666,839 shares of the company’s stock traded hands, compared to its average volume of 205,020. The company has a market capitalization of £516.35 million and a price-to-earnings ratio of 20.00. The company has a quick ratio of 0.97, a current ratio of 3.89 and a debt-to-equity ratio of 17.37. Harworth Group plc has a 12 month low of GBX 86.40 ($1.13) and a 12 month high of GBX 167 ($2.18). The business has a fifty day moving average of GBX 154.17 and a 200-day moving average of GBX 141.43.

The company also recently announced a dividend, which will be paid on Friday, October 22nd. Stockholders of record on Thursday, September 23rd will be issued a GBX 0.37 ($0.00) dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, September 23rd. Harworth Group’s payout ratio is 0.04%.

A number of equities research analysts have weighed in on HWG shares. Liberum Capital boosted their price objective on Harworth Group from GBX 161 ($2.10) to GBX 175 ($2.29) and gave the company a “buy” rating in a research note on Friday, July 23rd. Peel Hunt restated a “top pick” rating and issued a GBX 175 ($2.29) price target on shares of Harworth Group in a research report on Friday, July 23rd. Finally, Peel Hunt reaffirmed a “top pick” rating and set a GBX 175 ($2.29) price objective on shares of Harworth Group in a research report on Friday, July 23rd.

About Harworth Group

Harworth Group plc operates as a brownfield land developer and property regeneration company in the North of England and the Midlands. The company operates in two segments, Income Generation and Capital Growth. The Income Generation segment focuses on generating rental returns from the business space portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income generating streams from recycled aggregates and secondary coal products.

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