Insider Selling: Intermediate Capital Group plc (LON: ICP) Insider sells 7,121 shares
Intermediate Capital Group plc (LON:ICP – Get a rating) insider Antje Hensel-Roth sold 7,121 shares of Intermediate Capital Group in a trade that took place on Wednesday, June 1. The shares were sold at an average price of 1,541 GBX ($19.50), for a total transaction of £109,734.61 ($138,834.27).
Shares of LON ICP opened at 1,591.50 GBX ($20.14) on Monday. Intermediate Capital Group plc has a 12-month low of 1,285 GBX ($16.26) and a 12-month high of 2,493 GBX ($31.54). The company has a fifty-day simple moving average of 1,571.28 GBX and a 200-day simple moving average of 1,805.62 GBX. The company has a market capitalization of £4.56 billion and a PE ratio of 8.51. The company has a quick ratio of 1.59, a current ratio of 1.88 and a debt ratio of 93.34.
The company also recently announced a dividend, which will be paid on Friday, August 5. Investors of record on Thursday, June 16 will receive a dividend of GBX 57.30 ($0.72) per share. This represents a return of 3.93%. The ex-dividend date is Thursday, June 16. This is an increase from Intermediate Capital Group’s previous dividend of $18.70. Intermediate Capital Group’s dividend payout ratio (DPR) is currently 0.32%.
PKI has been the subject of a number of reports by research analysts. Royal Bank of Canada lowered its price target on Intermediate Capital Group shares from 2,885 GBX ($36.50) to 2,700 GBX ($34.16) and set an “overweight” rating for the action in a Monday, May 30 research report. Shore Capital reiterated a “hold” rating on Intermediate Capital Group shares in a Thursday, May 26, report. Finally, Barclays reiterated an “overweight” rating and set a price target of 2,545 GBX ($32.20) on Intermediate Capital Group shares in a Monday, May 23 report. One investment analyst has assigned the stock a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of 2,666 GBX ($33.73).
About Intermediate Capital Group (Get a rating)
Intermediate Capital Group plc is a private equity firm specializing in direct and fund-of-funds investments. Within direct, he specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public-private transactions with or without private equity, leveraged financing and acquisition, leveraged finance, partnership equity, management buyouts and management buyouts, secondary investments, development capital, financing of listed companies, off-balance sheet financing, refinancing and recapitalizations and pre-IPO financing.
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