Insider Buying: Bloomsbury Publishing Plc (LON:BMY) Insider Acquires 11,677 Shares of Stock

Key Points

• Insider John Bason purchased 11,677 shares of Bloomsbury Publishing stock at an average price of GBX 471 ($6.25), amounting to a total investment of approximately £55,000.
• Bloomsbury Publishing's stock is currently priced at GBX 476 ($6.32) with a market capitalization of £384.10 million and a P/E ratio of 10.18.
• Berenberg Bank has issued a "buy" rating for the stock with a price target of GBX 825 ($10.95).

Bloomsbury Publishing Plc (LON:BMY - Get Free Report) insider John Bason purchased 11,677 shares of Bloomsbury Publishing stock in a transaction on Friday, August 1st. The stock was bought at an average price of GBX 471 ($6.33) per share, with a total value of £54,998.67 ($73,962.71).

Bloomsbury Publishing Stock Down 2.0%

Shares of BMY traded down GBX 10 ($0.13) during trading hours on Friday, reaching GBX 483.50 ($6.50). The stock had a trading volume of 209,980 shares, compared to its average volume of 338,022. The company has a market capitalization of £390.15 million, a price-to-earnings ratio of 10.34 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 502.71 and a 200 day simple moving average of GBX 568.15. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 15.10. Bloomsbury Publishing Plc has a 12 month low of GBX 464 ($6.24) and a 12 month high of GBX 766 ($10.30).

Bloomsbury Publishing (LON:BMY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 42.03 ($0.57) earnings per share for the quarter. Bloomsbury Publishing had a net margin of 9.77% and a return on equity of 18.62%. Equities research analysts predict that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 825 ($11.09) price target on shares of Bloomsbury Publishing in a report on Wednesday, July 16th.

About Bloomsbury Publishing

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.