Philip Hugh Meeson Sells 500,000 Shares of Dart Group PLC (LON:DTG) Stock

Dart Group PLC (LON:DTG) insider Philip Hugh Meeson sold 500,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of GBX 867 ($11.33), for a total value of £4,335,000 ($5,664,445.32).

Shares of Dart Group stock opened at GBX 860.50 ($11.24) on Friday. The company has a debt-to-equity ratio of 108.73, a quick ratio of 1.45 and a current ratio of 1.56. The stock’s 50-day simple moving average is GBX 872.78. Dart Group PLC has a 1-year low of GBX 735.50 ($9.61) and a 1-year high of GBX 1,052 ($13.75). The firm has a market cap of $1.28 billion and a P/E ratio of 6.10.

The firm also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be issued a dividend of GBX 7.40 ($0.10) per share. This is an increase from Dart Group’s previous dividend of $2.80. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 19th. Dart Group’s dividend payout ratio (DPR) is presently 0.06%.

A number of analysts recently weighed in on the company. Canaccord Genuity restated a “buy” rating and issued a GBX 1,250 ($16.33) price objective on shares of Dart Group in a report on Wednesday, April 17th. Jefferies Financial Group began coverage on in a report on Wednesday, July 3rd. They set an “underperform” rating for the company.

Dart Group Company Profile

Dart Group PLC, together with its subsidiaries, engages in leisure travel, and distribution and logistics businesses in Europe. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in package holiday, passenger aircraft, charter aircraft, non-ticket retail, and warehousing and distribution activities.

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