Hongkong Land (LON:HKLD) Trading Down 29.3% - Here's Why

Shares of Hongkong Land Holdings Limited (LON:HKLD - Get Free Report) traded down 29.3% on Tuesday . The company traded as low as GBX 5.24 ($0.07) and last traded at GBX 5.24 ($0.07). 800 shares changed hands during trading, a decline of 92% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Stock Performance

The stock's 50-day simple moving average is GBX 6.61. The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55. The firm has a market cap of £115.80 million, a PE ratio of -20.15, a P/E/G ratio of 2.50 and a beta of 0.52.

Hongkong Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.17 per share. This is an increase from Hongkong Land's previous dividend of $0.06. The ex-dividend date was Thursday, March 20th. This represents a yield of 2.29%. Hongkong Land's dividend payout ratio is currently -8,461.54%.

Insider Buying and Selling at Hongkong Land

In other news, insider Michael Smith purchased 356,900 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was bought at an average price of GBX 319 ($4.29) per share, with a total value of £1,138,511 ($1,531,903.93). Also, insider Craig Beattie bought 17,600 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of GBX 489 ($6.58) per share, with a total value of £86,064 ($115,801.94). Corporate insiders own 53.40% of the company's stock.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.