Insider Buying: MJ Gleeson (LON:GLE) Insider Buys 82 Shares of Stock

Key Points

• Insider Stefan Allanson bought 82 shares of MJ Gleeson on May 5 at GBX 243 (total £199.26) and had earlier purchased 61 shares on March 5 at GBX 331 (total £201.91).
• Shares rose ~2.9% to GBX 250 on the latest session; the stock trades in a 12-month range of GBX 223–538, with a market cap of £145.84m and a P/E of 10.19.
• MJ Gleeson, which operates Gleeson Homes and Gleeson Land, reported GBX 2.65 EPS for the quarter (ROE 4.67%, net margin 3.76%), and sell‑side analysts forecast roughly GBX 35.14 EPS for the year.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Stefan Allanson bought 82 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of GBX 243 per share, for a total transaction of £199.26.

Stefan Allanson also recently made the following trade(s):

• On Thursday, March 5th, Stefan Allanson bought 61 shares of MJ Gleeson stock. The shares were bought at an average price of GBX 331 per share, for a total transaction of £201.91.

MJ Gleeson Stock Up 2.9%

LON GLE traded up GBX 7 during trading on Thursday, hitting GBX 250. 124,495 shares of the company traded hands, compared to its average volume of 136,164. MJ Gleeson plc has a 12 month low of GBX 223 and a 12 month high of GBX 538. The business has a fifty day simple moving average of GBX 280.56 and a 200 day simple moving average of GBX 348.62. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The company has a market capitalization of £145.84 million, a P/E ratio of 10.19 and a beta of 0.69.

MJ Gleeson (LON:GLE - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported GBX 2.65 earnings per share for the quarter. MJ Gleeson had a return on equity of 4.67% and a net margin of 3.76%. As a group, sell-side analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current year.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes, under the banner of "Building Homes. Changing Lives" builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.

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