Hercules Site Services (LON:HERC) Hits New 1-Year High After Insider Buying Activity

Hercules Site Services Plc (LON:HERC) hit a new 52-week high on Monday following insider buying activity. The stock traded as high as GBX 56 ($0.70) and last traded at GBX 55 ($0.69), with a volume of 527770 shares. The stock had previously closed at GBX 52.76 ($0.66).

Specifically, insider Paul David Wheatcroft acquired 19,200 shares of the stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 52 ($0.65) per share, for a total transaction of £9,984 ($12,560.07).

Hercules Site Services Trading Up 4.2 %

The stock’s 50-day simple moving average is GBX 45.12 and its two-hundred day simple moving average is GBX 45.31. The company has a debt-to-equity ratio of 108.20, a current ratio of 1.15 and a quick ratio of 1.43. The firm has a market capitalization of £44.93 million, a P/E ratio of 57.71 and a beta of 0.52.

Hercules Site Services (LON:HERC) last released its quarterly earnings data on Monday, January 13th. The company reported GBX 1.46 ($0.02) earnings per share (EPS) for the quarter. Hercules Site Services had a net margin of 0.64% and a return on equity of 6.17%. Equities research analysts expect that Hercules Site Services Plc will post 1.2407862 EPS for the current year.

Hercules Site Services Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 1.12 ($0.01) dividend. This is a boost from Hercules Site Services’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 2.52%. Hercules Site Services’s payout ratio is 209.85%.

About Hercules Site Services

Hercules Site Services plc is a leading technology enabled labour supply company for the UK infrastructure and construction sectors, which joined the AIM market in February 2022. Founded in 2008 by CEO Brusk Korkmaz, Hercules provides site services to a diverse range of blue-chip clients, including Balfour Beaty, Costain, Skanska, Kier, and Hill Group.