Manolete Partners (LON:MANO) Insider Sells £46,150 in Stock

Manolete Partners Plc (LON:MANO) insider Leigh of Hurley sold 65,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of GBX 71, for a total value of £46,150.

Manolete Partners Stock Up 3.1%

Shares of LON:MANO opened at GBX 67 on Friday. The stock has a 50-day simple moving average of GBX 85.24 and a 200-day simple moving average of GBX 87.21. The stock has a market capitalization of £29.35 million, a P/E ratio of 33.33 and a beta of 0.77. Manolete Partners Plc has a 1 year low of GBX 63 and a 1 year high of GBX 118. The company has a debt-to-equity ratio of 33.92, a quick ratio of 6.25 and a current ratio of 4.92.

Manolete Partners (LON:MANO) last posted its quarterly earnings results on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. Equities analysts forecast that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 130.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies.