RHI Magnesita (LON:RHIM) Insider Stefan Borgas Sells 3,740 Shares

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 3,740 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 2,985 ($38.76), for a total transaction of £111,639 ($144,966.89).

Stefan Borgas also recently made the following trade(s):

• On Monday, March 31st, Stefan Borgas sold 5,598 shares of RHI Magnesita stock. The stock was sold at an average price of GBX 3,065 ($39.80), for a total value of £171,578.70 ($222,800.55).
• On Thursday, March 27th, Stefan Borgas sold 9,464 shares of RHI Magnesita stock. The stock was sold at an average price of GBX 3,235 ($42.01), for a total value of £306,160.40 ($397,559.28).

RHI Magnesita Stock Performance

RHIM traded down GBX 135 ($1.75) during trading hours on Thursday, hitting GBX 2,865 ($37.20). 9,446 shares of the stock were exchanged, compared to its average volume of 50,956. The stock has a market cap of £1.63 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The stock has a 50-day simple moving average of GBX 3,481.74 and a 200-day simple moving average of GBX 3,329.14. The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93. RHI Magnesita has a 12 month low of GBX 2,855 ($37.07) and a 12 month high of GBX 3,885 ($50.45).

RHI Magnesita Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.30) per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, May 22nd. This is an increase from RHI Magnesita’s previous dividend of $0.60. RHI Magnesita’s dividend payout ratio is currently 48.91%.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.