Hercules Site Services (LON:HERC) Hits New 52-Week High on Insider Buying Activity

Hercules Site Services Plc (LON:HERC) hit a new 52-week high on Monday following insider buying activity. The company traded as high as GBX 56 ($0.70) and last traded at GBX 55 ($0.69), with a volume of 527770 shares. The stock had previously closed at GBX 52.76 ($0.66).

Specifically, insider Paul David Wheatcroft purchased 19,200 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 52 ($0.65) per share, for a total transaction of £9,984 ($12,560.07).

Hercules Site Services Trading Up 4.2 %

The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 108.20. The stock’s 50 day moving average is GBX 45.12 and its two-hundred day moving average is GBX 45.31. The company has a market capitalization of £44.93 million, a PE ratio of 57.71 and a beta of 0.52.

Hercules Site Services (LON:HERC) last announced its quarterly earnings results on Monday, January 13th. The company reported GBX 1.46 ($0.02) earnings per share for the quarter. Hercules Site Services had a net margin of 0.64% and a return on equity of 6.17%. As a group, sell-side analysts predict that Hercules Site Services Plc will post 1.2407862 EPS for the current fiscal year.

Hercules Site Services Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 1.12 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Hercules Site Services’s previous dividend of $0.60. This represents a dividend yield of 2.52%. Hercules Site Services’s dividend payout ratio (DPR) is currently 209.85%.

About Hercules Site Services

Hercules Site Services plc is a leading technology enabled labour supply company for the UK infrastructure and construction sectors, which joined the AIM market in February 2022. Founded in 2008 by CEO Brusk Korkmaz, Hercules provides site services to a diverse range of blue-chip clients, including Balfour Beaty, Costain, Skanska, Kier, and Hill Group.