Mercia Asset Management PLC (LON:MERC) Insider Buys £51,966.75 in 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 bought 157,475 shares of the business's stock in a transaction dated Monday, July 28th. The shares were bought at an average price of GBX 33 ($0.44) per share, with a total value of £51,966.75 ($68,648.28).

Mercia Asset Management Price Performance

Shares of MERC stock traded down GBX 0.30 ($0.00) during trading hours on Friday, reaching GBX 33 ($0.44). The stock had a trading volume of 260,787 shares, compared to its average volume of 597,411. The stock's fifty day simple moving average is GBX 30.93 and its 200 day simple moving average is GBX 28.29. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. Mercia Asset Management PLC has a 12 month low of GBX 22 ($0.29) and a 12 month high of GBX 37 ($0.49). The firm has a market capitalization of £145.13 million, a PE ratio of 0.34 and a beta of 1.20.

Mercia Asset Management (LON:MERC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) earnings per share (EPS) for the quarter. Mercia Asset Management had a net margin of 1,438.02% and a return on equity of 223.48%. On average, equities 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 target price on shares of Mercia Asset Management from GBX 64 ($0.85) to GBX 67 ($0.89) and gave the company a "buy" rating in a 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".