Martin James Glanfield Purchases 157,475 Shares of Mercia Asset Management PLC (LON:MERC) Stock

Key Points

• Martin James Glanfield, an insider at Mercia Asset Management PLC, purchased 157,475 shares at an average price of GBX 33 ($0.44), totaling approximately £51,967 ($69,428).
• Mercia's recent quarterly earnings revealed a net margin of 1,438.02% and a return on equity of 223.48%.
• Analysts from Canaccord Genuity raised their price target for Mercia Asset Management from GBX 64 ($0.86) to GBX 67 ($0.90), maintaining a "buy" rating on the stock.

Mercia Asset Management PLC (LON:MERC - Get Free Report) insider Martin James Glanfield acquired 157,475 shares of the stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of GBX 33 ($0.44) per share, with a total value of £51,966.75 ($69,427.86).

Mercia Asset Management Stock Performance

Shares of MERC opened at GBX 33 ($0.44) on Tuesday. The stock has a 50-day moving average of GBX 30.67 and a two-hundred day moving average of GBX 28.19. Mercia Asset Management PLC has a one year low of GBX 22 ($0.29) and a one year high of GBX 37 ($0.49). The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The stock has a market cap of £145.13 million, a P/E ratio of 0.34 and a beta of 1.20.

Mercia Asset Management (LON:MERC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. As a group, research analysts predict that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on Mercia Asset Management from GBX 64 ($0.86) to GBX 67 ($0.90) and gave the stock a "buy" rating in a research report on Tuesday, July 1st.

Mercia Asset Management Company Profile

Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, debt, private equity and proprietary capital: the Group's 'Complete Connected Capital'. The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow. Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.