Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 444.55 ($5.97) and traded as low as GBX 354 ($4.76). Conduit shares last traded at GBX 354 ($4.76), with a volume of 545,809 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 700 ($9.40) price objective on shares of Conduit in a research report on Monday, March 31st.
Get Our Latest Analysis on CRE
Conduit Stock Up 0.4 %
The stock's 50-day moving average price is GBX 365.12 and its 200 day moving average price is GBX 439.93. The firm has a market cap of £715.73 million, a price-to-earnings ratio of 3.36 and a beta of 0.52.
Conduit Dividend Announcement
The firm also recently declared a dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, March 20th were given a $0.18 dividend. This represents a yield of 3.54%. The ex-dividend date was Thursday, March 20th. Conduit's dividend payout ratio (DPR) is presently 26.41%.
Insider Buying and Selling
In other Conduit news, insider Trevor Carvey purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of GBX 384 ($5.16) per share, with a total value of £38,400 ($51,592.10). Also, insider Elaine Whelan acquired 58,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of GBX 341 ($4.58) per share, with a total value of £199,485 ($268,016.93). Insiders acquired 170,416 shares of company stock valued at $59,205,924 over the last quarter. Corporate insiders own 6.19% of the company's stock.
About Conduit
(
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Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.
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