Nigel Newton Sells 50,867 Shares of Bloomsbury Publishing Plc (LON:BMY) Stock

Key Points

• Nigel Newton, an insider at Bloomsbury Publishing, sold 50,867 shares for a total of £242,126.92 on August 12th at an average price of GBX 476 ($6.39).
• The company's stock price increased by 1.2% on the same day, closing at GBX 478.50 ($6.43) with a market cap of £386.12 million.
• Berenberg Bank maintains a "buy" rating on Bloomsbury shares with a target price of GBX 825 ($11.08), signaling positive future expectations.

Bloomsbury Publishing Plc (LON:BMY - Get Free Report) insider Nigel Newton sold 50,867 shares of Bloomsbury Publishing stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 476 ($6.45), for a total value of £242,126.92 ($328,174.19).

Bloomsbury Publishing Stock Down 0.0%

Shares of Bloomsbury Publishing stock traded down GBX 0.11 ($0.00) during midday trading on Friday, hitting GBX 474.39 ($6.43). The company had a trading volume of 150,779 shares, compared to its average volume of 333,812. The company has a debt-to-equity ratio of 15.10, a quick ratio of 1.04 and a current ratio of 1.52. The stock has a market capitalization of £382.80 million, a P/E ratio of 10.15 and a beta of 0.66. The company has a 50 day moving average of GBX 497.73 and a 200 day moving average of GBX 560.85. Bloomsbury Publishing Plc has a 52-week low of GBX 464 ($6.29) and a 52-week high of GBX 766 ($10.38).

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 (EPS) for the quarter. Bloomsbury Publishing had a return on equity of 18.62% and a net margin of 9.77%. On average, equities analysts predict that Bloomsbury Publishing Plc will post 2529.9999179 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 825 ($11.18) 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.