Platinum Investment Management Limited (ASX:PTM – Get Free Report) insider James (Jim) Simpson sold 3,485,741 shares of Platinum Investment Management stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of A$0.60 ($0.39), for a total value of A$2,101,901.82 ($1,356,065.69).
Platinum Investment Management Price Performance
The company has a quick ratio of 12.66, a current ratio of 23.28 and a debt-to-equity ratio of 3.93. The stock has a market cap of $397.92 million, a P/E ratio of 0.69, a price-to-earnings-growth ratio of -0.71 and a beta of 1.21.
Platinum Investment Management Cuts Dividend
The company also recently disclosed a Interim dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.015 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 2.5%. Platinum Investment Management’s dividend payout ratio is presently 100.00%.
About Platinum Investment Management
Platinum Investment Management Limited is a publicly owned hedge fund sponsor. It primarily provides its services to pooled investment vehicles, pension and profit sharing plans, corporations. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients.
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