Somero Enterprises, Inc. (LON:SOM) Insider Jack Cooney Sells 800,000 Shares

Somero Enterprises, Inc. (LON:SOM) insider Jack Cooney sold 800,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of GBX 340 ($4.44), for a total transaction of £2,720,000 ($3,554,161.77).

Shares of SOM stock traded down GBX 5 ($0.07) on Monday, hitting GBX 365 ($4.77). The company’s stock had a trading volume of 23,508 shares, compared to its average volume of 88,174. Somero Enterprises, Inc. has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 430 ($5.62). The company has a market capitalization of $205.64 million and a PE ratio of 9.61.

The firm also recently declared a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, April 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Somero Enterprises’s previous dividend of $0.06. This represents a dividend yield of 4.94%. Somero Enterprises’s dividend payout ratio is 0.39%.

Separately, FinnCap restated a “corporate” rating on shares of Somero Enterprises in a research note on Wednesday, March 13th.

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Somero Enterprises Company Profile

Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-840 Laser Screed, S-15R Laser Screed, S-22E Laser Screed, S-22EZ Advanced Laser Screed, S-485 Laser Screed, S-940 Laser Screed, S-10A Laser Screed, and the S-158 Laser Screed machines; and STS-11M Spreader, as well as the 3-D Profiler System software, the Somero Floor Levelness System, and the SP-16 Concrete Hose Line-Pulling and Placing System.

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