Insider Buying: Iomart Group Plc (LON:IOM) Insider Acquires 4,000 Shares of Stock

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Iomart Group Plc (LON:IOM) insider Scott Cunningham bought 4,000 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was bought at an average cost of GBX 325 ($4.25) per share, for a total transaction of £13,000 ($16,986.80).

Shares of LON:IOM traded down GBX 9.50 ($0.12) during midday trading on Friday, reaching GBX 320 ($4.18). 210,458 shares of the company’s stock traded hands, compared to its average volume of 113,357. Iomart Group Plc has a one year low of GBX 306 ($4.00) and a one year high of GBX 475 ($6.21). The stock’s 50 day moving average price is GBX 341.44. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 47.24. The company has a market capitalization of $358.62 million and a P/E ratio of 27.59.

The company also recently announced a dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a GBX 5.01 ($0.07) dividend. This is an increase from Iomart Group’s previous dividend of $2.45. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 1.41%. Iomart Group’s dividend payout ratio is currently 0.60%.

Several research firms have commented on IOM. Peel Hunt raised MJ Gleeson to a “hold” rating and boosted their target price for the stock from GBX 715 ($9.34) to GBX 745 ($9.73) in a report on Thursday, July 4th. Shore Capital reissued a “house stock” rating on shares of Judges Scientific in a report on Monday, April 1st. Finally, FinnCap reissued a “corporate” rating on shares of Iomart Group in a report on Tuesday, June 11th.

Iomart Group Company Profile

iomart Group plc provides managed cloud services in the United Kingdom and internationally. It operates through two segments, Cloud Services and Easyspace. The company offers a range of domain names, shared, dedicated and virtual servers, and email services to micro and SME markets. It also provides managed cloud computing facilities and services through a network of owned datacenters to larger SME and corporate markets; and data storage, backup, and virtualization solutions.

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