Mercia Asset Management PLC (LON:MERC) Insider Purchases £29,071.68 in 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 shares were acquired at an average cost of GBX 32 ($0.43) per share, with a total value of £29,071.68 ($38,839.92).

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

• On Monday, July 28th, Mark Andrew Payton bought 51,479 shares of Mercia Asset Management stock. The shares were acquired at an average cost of GBX 33 ($0.44) per share, with a total value of £16,988.07 ($22,696.15).
• On Monday, July 28th, Mark Andrew Payton bought 2,939 shares of Mercia Asset Management stock. The shares were acquired at an average cost of GBX 33 ($0.44) per share, with a total value of £969.87 ($1,295.75).
• On Monday, July 28th, Mark Andrew Payton bought 45,422 shares of Mercia Asset Management stock. The shares were acquired at an average cost of GBX 32 ($0.43) per share, with a total value of £14,535.04 ($19,418.89).

Mercia Asset Management Price Performance

Shares of LON:MERC opened at GBX 33 ($0.44) on Tuesday. 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 company has a market cap of £145.13 million, a PE ratio of 0.34 and a beta of 1.20. Mercia Asset Management PLC has a 52 week low of GBX 22 ($0.29) and a 52 week high of GBX 37 ($0.49). The firm has a 50 day simple moving average of GBX 30.67 and a 200 day simple moving average of GBX 28.19.

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 net margin of 1,438.02% and a return on equity of 223.48%. As a group, research analysts expect that Mercia Asset Management PLC will post 0.9368771 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on shares of Mercia Asset Management from GBX 64 ($0.86) to GBX 67 ($0.90) and gave the company a "buy" rating in a research note 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".

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