Insider Buying: CLS Holdings plc (LON:CLI) Insider Purchases 41,669 Shares of Stock

CLS Holdings plc (LON:CLI - Get Free Report) insider Fredrik Widlund purchased 41,669 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were acquired at an average cost of GBX 63 ($0.85) per share, for a total transaction of £26,251.47 ($35,575.92).

CLS Stock Performance

CLS stock remained flat at GBX 63 ($0.85) during trading on Wednesday. 205,016 shares of the company were exchanged, compared to its average volume of 1,044,157. The company has a fifty day moving average of GBX 62.17 and a 200-day moving average of GBX 71.30. CLS Holdings plc has a 1 year low of GBX 56.80 ($0.77) and a 1 year high of GBX 101.40 ($1.37). The company has a market capitalization of £251.05 million, a price-to-earnings ratio of -1.21 and a beta of 1.01. The company has a debt-to-equity ratio of 123.30, a current ratio of 0.73 and a quick ratio of 0.59.

CLS (LON:CLI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 1st. The company reported GBX (23.60) (($0.32)) EPS for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. Analysts anticipate that CLS Holdings plc will post 10.0104167 EPS for the current year.

CLS Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of GBX 2.68 ($0.04) per share. The ex-dividend date was Thursday, May 15th. This is an increase from CLS's previous dividend of $2.60. This represents a dividend yield of 4.17%. CLS's payout ratio is currently -15.42%.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 114 ($1.54) price objective on shares of CLS in a research report on Tuesday, April 1st.

About CLS

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants' businesses to grow.