Cavendish Financial (LON:CAV) Stock Price Down 2.3% – Here’s What Happened

Cavendish Financial plc (LON:CAV) was down 2.3% during mid-day trading on Friday . The stock traded as low as GBX 9 ($0.11) and last traded at GBX 9.04 ($0.11). Approximately 956,205 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 373,718 shares. The stock had previously closed at GBX 9.25 ($0.12).

Cavendish Financial Price Performance

The firm has a market cap of £30.05 million, a PE ratio of -904.00 and a beta of 1.23. The company has a 50-day simple moving average of GBX 10.03 and a 200-day simple moving average of GBX 10.87.

Cavendish Financial (LON:CAV) last released its earnings results on Monday, November 11th. The company reported GBX 0.40 ($0.00) earnings per share for the quarter. Cavendish Financial had a negative return on equity of 10.81% and a negative net margin of 7.49%. As a group, equities research analysts predict that Cavendish Financial plc will post 1.048913 earnings per share for the current year.

Cavendish Financial Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were issued a GBX 0.30 ($0.00) dividend. The ex-dividend date was Thursday, November 21st. This is an increase from Cavendish Financial’s previous dividend of $0.25. This represents a yield of 2.73%. Cavendish Financial’s payout ratio is currently -20,000.00%.

Insiders Place Their Bets

In other news, insider Mark Astaire acquired 4,103 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 11 ($0.14) per share, with a total value of £451.33 ($563.39). Corporate insiders own 59.20% of the company’s stock.

About Cavendish Financial

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.