Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Purchases £6,826.50 in Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert acquired 1,850 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was acquired at an average cost of GBX 369 ($4.91) per share, for a total transaction of £6,826.50 ($9,077.79).

Neil David Eckert also recently made the following trade(s):

• On Friday, May 16th, Neil David Eckert acquired 1,650 shares of Conduit stock. The stock was acquired at an average cost of GBX 369 ($4.91) per share, for a total transaction of £6,088.50 ($8,096.41).
• On Tuesday, March 25th, Neil David Eckert acquired 31,916 shares of Conduit stock. The stock was acquired at an average cost of GBX 364 ($4.84) per share, for a total transaction of £116,174.24 ($154,487.02).

Conduit Trading Up 0.1%

Shares of CRE opened at GBX 370 ($4.92) on Monday. The company has a market cap of £743.88 million, a price-to-earnings ratio of 3.49 and a beta of 0.52. Conduit Holdings Limited has a 1-year low of GBX 310.50 ($4.13) and a 1-year high of GBX 549.74 ($7.31). The company’s fifty day simple moving average is GBX 354.15 and its 200 day simple moving average is GBX 422.91.

Conduit Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, March 20th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 3.54%. Conduit’s payout ratio is 26.41%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($9.31) price objective on shares of Conduit in a research report on Monday, March 31st.

About Conduit

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.