Insider Buying: Mercia Asset Management PLC (LON:MERC) Insider Purchases 90,849 Shares of Stock

Key Points

• Mark Andrew Payton, an insider at Mercia Asset Management, purchased a total of 90,849 shares on July 28th, amounting to £29,071.68 ($38,839.92), indicating confidence in the company's future performance.
• The company's shares opened at GBX 33 ($0.44), with a market cap of £145.13 million and a significant net margin of 1,438.02% reported in their last earnings results.
• Canaccord Genuity Group upgraded Mercia Asset Management's target price from GBX 64 to GBX 67, maintaining a "buy" rating in their recent research note.

Mercia Asset Management PLC (LON:MERC - Get Free Report) insider Mark Andrew Payton bought 90,849 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average cost of GBX 32 ($0.42) per share, with a total value of £29,071.68 ($38,403.80).

Mark Andrew Payton also recently made the following trade(s):

• On Monday, July 28th, Mark Andrew Payton acquired 51,479 shares of Mercia Asset Management stock. The shares were purchased at an average cost of GBX 33 ($0.44) per share, with a total value of £16,988.07 ($22,441.31).
• On Monday, July 28th, Mark Andrew Payton bought 2,939 shares of Mercia Asset Management stock. The shares were acquired at an average price of GBX 33 ($0.44) per share, with a total value of £969.87 ($1,281.20).
• On Monday, July 28th, Mark Andrew Payton acquired 45,422 shares of Mercia Asset Management stock. The stock was purchased at an average price of GBX 32 ($0.42) per share, with a total value of £14,535.04 ($19,200.85).

Mercia Asset Management Stock Down 0.9%

Shares of MERC stock traded down GBX 0.30 ($0.00) during trading hours on Friday, reaching GBX 33 ($0.44). 260,787 shares of the company's stock were exchanged, compared to its average volume of 597,411. Mercia Asset Management PLC has a 1 year low of GBX 22 ($0.29) and a 1 year high of GBX 37 ($0.49). The stock has a market cap of £145.13 million, a PE ratio of 0.34 and a beta of 1.20. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average price is GBX 30.93 and its two-hundred day moving average price is GBX 28.29.

Mercia Asset Management (LON:MERC - Get Free Report) last issued its 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%. Research analysts predict that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of Mercia Asset Management from GBX 64 ($0.85) to GBX 67 ($0.89) and gave the stock a "buy" rating in a report on Tuesday, July 1st.

About Mercia Asset Management

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".