Smartgroup Co. Ltd (ASX:SIQ) Insider Acquires A$100,002.00 in Stock

Smartgroup Co. Ltd (ASX:SIQGet Free Report) insider Mark Rigotti acquired 11,905 shares of Smartgroup stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of A$8.40 ($5.28) per share, for a total transaction of A$100,002.00 ($62,894.34).

Smartgroup Price Performance

The company has a debt-to-equity ratio of 34.82, a quick ratio of 0.50 and a current ratio of 0.97. The stock has a market cap of $1.05 billion, a P/E ratio of 15.13, a P/E/G ratio of 7.51 and a beta of 0.77.

Smartgroup Cuts Dividend

The firm also recently announced a Final dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.31 per share. This represents a yield of 3.72%. The ex-dividend date is Wednesday, March 5th. Smartgroup’s payout ratio is presently 67.31%.

About Smartgroup

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Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

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