Cavendish Financial (LON:CAV) Trading 4% Higher – Still a Buy?

Posted by James Quigley on Jan 4th, 2025

Cavendish Financial plc (LON:CAV – Get Free Report)’s share price shot up 4% on Thursday . The stock traded as high as GBX 10.50 ($0.13) and last traded at GBX 10.50 ($0.13). 180,398 shares were traded during mid-day trading, a decline of 54% from the average session volume of 395,935 shares. The stock had previously closed at GBX 10.10 ($0.13).

Cavendish Financial Stock Performance

The firm has a market cap of £33.24 million, a PE ratio of -1,000.00 and a beta of 1.23. The firm’s 50 day moving average price is GBX 10.20 and its two-hundred day moving average price is GBX 11.14.

Cavendish Financial Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were paid a dividend of GBX 0.30 ($0.00) per share. This is a boost from Cavendish Financial’s previous dividend of $0.25. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 2.73%. Cavendish Financial’s dividend payout ratio (DPR) is -20,000.00%.

Insider Buying and Selling at Cavendish Financial

In related news, insider Mark Astaire purchased 4,103 shares of Cavendish Financial stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 11 ($0.14) per share, with a total value of £451.33 ($560.66). Company insiders own 59.20% of the company’s stock.

About Cavendish Financial

(Get Free Report)

Cavendish Financial plc provides various financial services to growth companies in the United Kingdom. The company offers equities research, distribution and execution, and analytics services. It provides investment banking services, such as strategic advisory and capital raising services comprising public market fund raisings, including placings, rights issues, and open offers; IPOs; sell-side or buy-side private M&A; public company M&A; debt arrangement and advice; private capital fund raisings; and general advice on strategic options, as well as acts as a corporate broker/NOMAD on a retained basis.