Playtika Holding Corp. (NASDAQ:PLTK) to Issue Quarterly Dividend of $0.10

Playtika Holding Corp. (NASDAQ:PLTK) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 21st will be paid a dividend of 0.10 per share on Friday, April 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Friday, March 21st.

Playtika has a payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Playtika to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 56.3%.

Playtika Trading Down 7.4 %

NASDAQ PLTK traded down $0.42 during trading hours on Friday, reaching $5.28. The company’s stock had a trading volume of 2,758,317 shares, compared to its average volume of 903,380. The stock has a market cap of $1.97 billion, a PE ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.92. The business has a 50-day simple moving average of $7.06 and a 200 day simple moving average of $7.55. Playtika has a 52 week low of $5.22 and a 52 week high of $9.15.

Wall Street Analysts Forecast Growth

PLTK has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research report on Friday. Macquarie restated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the transaction, the insider now directly owns 202,673,467 shares of the company’s stock, valued at approximately $1,710,564,061.48. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 491,921 shares of company stock valued at $4,004,775. Company insiders own 4.80% of the company’s stock.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.