Andrew Belshaw Sells 16,015 Shares of Gamma Communications plc (LON:GAMA) Stock

Gamma Communications plc (LON:GAMA) insider Andrew Belshaw sold 16,015 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of GBX 1,313 ($16.49), for a total transaction of £210,276.95 ($264,133.84).

Gamma Communications Stock Performance

Gamma Communications stock opened at GBX 1,310 ($16.46) on Thursday. Gamma Communications plc has a 52 week low of GBX 980.10 ($12.31) and a 52 week high of GBX 1,418 ($17.81). The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40. The stock has a market cap of £1.27 billion, a P/E ratio of 2,381.82, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73. The stock has a 50 day moving average of GBX 1,287.68 and a 200-day moving average of GBX 1,172.50.

Gamma Communications Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a GBX 11.40 ($0.14) dividend. The ex-dividend date is Thursday, May 30th. This is a boost from Gamma Communications’s previous dividend of $5.70. This represents a yield of 0.84%. Gamma Communications’s dividend payout ratio is currently 3,090.91%.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Monday, March 25th.

About Gamma Communications

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.