Cavendish Financial (LON:CAV) Trading 4% Higher – Here’s What Happened

Posted by Liza Goodheart on Jan 4th, 2025

Shares of Cavendish Financial plc (LON:CAV – Get Free Report) traded up 4% during mid-day trading on Thursday . The company traded as high as GBX 10.50 ($0.13) and last traded at GBX 10.50 ($0.13). 180,398 shares changed hands 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 Down 1.0 %

The company has a market capitalization of £33.24 million, a price-to-earnings ratio of -1,000.00 and a beta of 1.23. The business’s 50-day moving average is GBX 10.20 and its 200-day moving average is GBX 11.14.

Cavendish Financial Increases Dividend

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

Insider Transactions at Cavendish Financial

In related news, insider Mark Astaire purchased 4,103 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average price of GBX 11 ($0.14) per share, with a total value of £451.33 ($560.66). Corporate 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.