Insider Selling: Netwealth Group Limited (ASX:NWL) Insider Sells 17,750 Shares of Stock

Netwealth Group Limited (ASX:NWL) insider Davyd Lewis sold 17,750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of A$28.17 ($18.90), for a total transaction of A$499,982.00 ($335,558.39).

Davyd Lewis also recently made the following trade(s):

• On Thursday, August 15th, Davyd Lewis sold 22,948 shares of Netwealth Group stock. The stock was sold at an average price of A$21.79 ($14.62), for a total transaction of A$499,968.08 ($335,549.04).

Netwealth Group Stock Performance

The company has a debt-to-equity ratio of 10.32, a current ratio of 5.12 and a quick ratio of 6.18.

Netwealth Group Increases Dividend

The firm also recently announced a Final dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a $0.14 dividend. This is a positive change from Netwealth Group’s previous Final dividend of $0.13. This represents a yield of 0.64%. The ex-dividend date was Sunday, August 25th. Netwealth Group’s dividend payout ratio is currently 82.35%.

About Netwealth Group

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. The company operates a platform that offers superannuation, including accumulation and retirement income products; investor directed portfolio services for self-managed superannuation and non-superannuation investments; managed accounts and funds, self-managed superannuation funds administration; and non-custodial administration and reporting services.