The recent transaction by Nicholas Politis, an insider at Eagers Automotive Limited (ASX:APE), has raised some eyebrows among investors. On April 7th, Politis purchased 60,000 shares of the company’s stock at an average price of A$14.83 ($9.33) per share, resulting in a total transaction of A$889,740.00 ($559,584.91). This significant purchase is a notable event in the company’s recent history.
Debt-to-Equity Ratio and Financial Performance
Eagers Automotive Limited’s financial performance has been a topic of interest for investors. The company’s debt-to-equity ratio is a key indicator of its financial health. According to the latest available data, the company’s debt-to-equity ratio is 250.45, indicating a high level of debt. However, this ratio can be misleading as it does not provide a complete picture of the company’s financial situation.
- Quick ratio: 0.42
- Current ratio: 1.02
- Market capitalization: $3.33 billion
- PE ratio: 12.83
- P/E/G ratio: -2.13
- Beta: 1.61
These financial metrics provide a comprehensive view of the company’s financial performance. Investors should consider these metrics when evaluating the company’s stock performance.
Eagers Automotive Dividend Announcement
Eagers Automotive Limited recently disclosed a final dividend, which was paid on April 10th. Shareholders of record on April 10th received a dividend of $0.50 per share, resulting in a yield of 3.34%. The ex-dividend date was March 26th. This dividend payout ratio is 73.27%, indicating that the company has a significant portion of its earnings allocated towards dividends.
“Eagers Automotive’s dividend payout ratio is 73.27%, which is relatively high compared to the industry average.”
This high dividend payout ratio may have implications for investors who are concerned about the company’s ability to generate earnings for the long-term.
Company Profile
Eagers Automotive Limited is an automotive retail company that operates motor vehicle dealerships in Australia and New Zealand. The company operates in two segments: Car Retailing and Property. The Car Retailing segment offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, vehicle parts, service contracts, vehicle brokerage services, vehicle protection products, and other aftermarket products.
- Car Retailing segment: Offers new and used vehicles, vehicle maintenance and repair services, vehicle parts, service contracts, vehicle brokerage services, vehicle protection products, and other aftermarket products.
- Property segment: Operates motor vehicle dealerships and offers property-related services.
This company profile provides a comprehensive overview of the company’s operations and products.
Insider Insights
The recent insider purchase by Nicholas Politis is an interesting event in the company’s recent history. As an insider, Politis has access to the company’s financial information and is well-positioned to make informed investment decisions. Insider purchases can be a positive indicator of the company’s financial health and growth prospects.
“Insider purchases can be a positive indicator of the company’s financial health and growth prospects.”
However, it is essential to consider other factors, such as the company’s overall financial performance and industry trends, when evaluating the impact of insider purchases.
Conclusion
In conclusion, the recent insider purchase by Nicholas Politis is an interesting event that warrants further analysis. Investors should consider the company’s financial performance, dividend payout ratio, and industry trends when evaluating the impact of this purchase. By doing so, they can make informed investment decisions that align with their investment goals and risk tolerance.