Insider Selling: Clarkson PLC (LON:CKN) Insider Sells 18,773 Shares of Stock

Clarkson PLC (LON:CKN) insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($50.73), for a total value of £764,999.75 ($952,321.36).

Clarkson Stock Performance

CKN traded up GBX 10 ($0.12) during midday trading on Wednesday, hitting GBX 4,020 ($50.04). 29,591 shares of the company were exchanged, compared to its average volume of 56,830. The company has a current ratio of 1.59, a quick ratio of 1.69 and a debt-to-equity ratio of 9.46. Clarkson PLC has a 1-year low of GBX 2,500 ($31.12) and a 1-year high of GBX 4,145 ($51.60). The company’s 50 day simple moving average is GBX 3,805.19 and its 200 day simple moving average is GBX 3,299.08. The firm has a market capitalization of £1.23 billion, a price-to-earnings ratio of 1,463.50 and a beta of 1.16.

Clarkson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, May 9th will be paid a GBX 72 ($0.90) dividend. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, May 9th. This is a positive change from Clarkson’s previous dividend of $30.00. Clarkson’s payout ratio is currently 3,722.63%.

Analyst Upgrades and Downgrades

CKN has been the topic of several research reports. Canaccord Genuity Group upped their target price on Clarkson from GBX 4,325 ($53.84) to GBX 4,500 ($56.02) and gave the company a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. increased their price target on Clarkson from GBX 4,080 ($50.79) to GBX 4,320 ($53.78) and gave the stock an “overweight” rating in a research report on Tuesday, March 5th.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.