Shares of On the Beach Group plc (LON:OTB – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 241.81 ($3.13) and traded as high as GBX 248.50 ($3.22). On the Beach Group shares last traded at GBX 228 ($2.95), with a volume of 291,896 shares traded.
Wall Street Analyst Weigh In
Separately, Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Tuesday, February 25th.
View Our Latest Stock Analysis on OTB
On the Beach Group Price Performance
On the Beach Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th were issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is an increase from On the Beach Group’s previous dividend of $0.90. The ex-dividend date was Thursday, January 30th. On the Beach Group’s dividend payout ratio is presently 10.93%.
Insider Buying and Selling at On the Beach Group
In other On the Beach Group news, insider Shaun Morton acquired 765 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of GBX 235 ($3.04) per share, with a total value of £1,797.75 ($2,326.88). 10.69% of the stock is owned by company insiders.
About On the Beach Group
On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.
Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.
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