Martin Berry Acquires 500,000 Shares of Turners Automotive Group Ltd (ASX:TRA) Stock

Turners Automotive Group Ltd (ASX:TRA) insider Martin Berry bought 500,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was purchased at an average price of A$2.30 ($1.63) per share, with a total value of A$1,150,000.00 ($815,602.84).

ASX TRA opened at A$2.18 ($1.55) on Friday. Turners Automotive Group Ltd has a 52 week low of A$2.10 ($1.49) and a 52 week high of A$2.18 ($1.55). The company has a current ratio of 95.00, a quick ratio of 74.46 and a debt-to-equity ratio of 138.21. The company has a market cap of $189.42 million and a PE ratio of 10.53. The stock has a 50-day moving average price of A$2.11.

The company also recently announced a Final dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, July 18th will be given a $0.047 dividend. This represents a yield of 2.25%. The ex-dividend date is Monday, July 8th. Turners Automotive Group’s dividend payout ratio (DPR) is 91.79%.

About Turners Automotive Group

Turners Automotive Group Limited operates as an automotive and financial services company in New Zealand and Australia. The company operates through Automotive Retail, Collection Services, Finance, and Insurance segments. It buys and sells second hand cars, trucks, and machinery under the Turners and Buy Right Cars brand names.

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