Arrow Global Group PLC (LON:ARW) insider Lee Rochford acquired 77 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of GBX 195 ($2.55) per share, for a total transaction of £150.15 ($196.20).
Arrow Global Group stock traded up GBX 2.40 ($0.03) during trading hours on Friday, reaching GBX 219 ($2.86). The company had a trading volume of 119,559 shares, compared to its average volume of 835,450. The company has a debt-to-equity ratio of 601.98, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average price of GBX 229.02 and a 200 day moving average price of GBX 213.95. The firm has a market cap of $386.61 million and a price-to-earnings ratio of 8.94. Arrow Global Group PLC has a 12-month low of GBX 166.20 ($2.17) and a 12-month high of GBX 284.58 ($3.72).
The business also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 5th will be paid a GBX 4.40 ($0.06) dividend. The ex-dividend date is Thursday, September 5th. This represents a yield of 1.66%. Arrow Global Group’s dividend payout ratio (DPR) is currently 0.53%.
ARW has been the topic of a number of research reports. Goldman Sachs Group raised their price objective on Arrow Global Group from GBX 220 ($2.87) to GBX 240 ($3.14) and gave the company a “neutral” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. decreased their price objective on Arrow Global Group from GBX 380 ($4.97) to GBX 340 ($4.44) and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Peel Hunt cut Arrow Global Group to a “sell” rating in a report on Thursday, August 8th. Shore Capital reissued a “buy” rating on shares of Arrow Global Group in a report on Thursday, August 8th. Finally, Numis Securities reissued a “buy” rating on shares of Arrow Global Group in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 309 ($4.04).
About Arrow Global Group
Arrow Global Group PLC identifies, acquires, and manages secured and unsecured defaulted and non-core loan portfolios and real estate from and on behalf of financial institutions, such as banks, institutional investors, and credit card companies in the United Kingdom and internationally. The company also engages in the debt purchase, and asset management servicing business.
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