HUB24 (ASX:HUB) Insider Acquires A$5,375,842.56 in Stock

HUB24 Limited (ASX:HUB) insider Andrew Alcock acquired 53,163 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average cost of A$101.12 per share, for a total transaction of A$5,375,842.56.

Andrew Alcock also recently made the following trade(s):

• On Friday, August 22nd, Andrew Alcock sold 426,463 shares of HUB24 stock. The shares were sold at an average price of A$106.59, for a total transaction of A$45,456,691.17.
• On Tuesday, August 26th, Andrew Alcock bought 270,000 shares of HUB24 stock. The stock was purchased at an average price of A$106.24 per share, with a total value of A$28,684,800.00.

HUB24 Stock Performance

The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 140.11, a P/E/G ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 8.70, a current ratio of 2.98 and a quick ratio of 1.34.

HUB24 Increases Dividend

The firm also recently declared a Final dividend, which will be paid on Monday, October 13th. Shareholders of record on Monday, October 13th will be given a dividend of $0.32 per share. This is a boost from HUB24’s previous Final dividend of $0.20. The ex-dividend date is Sunday, September 7th. This represents a yield of 31.0%. HUB24’s payout ratio is presently 68.42%.

About HUB24

HUB24 Limited, a financial services company, provides integrated platform, technology, and data solutions to wealth industry in Australia. It operates in Platform and Tech Solutions segments. The company develops and operates HUB24 and Xplore Wealth that are investment and superannuation platforms; and portfolio administration and reporting services for financial advisers, stockbrokers, accountants and their clients, and direct consumers.