Smartgroup Co. Ltd (ASX:SIQ) Insider Acquires A$100,002.00 in Stock

Smartgroup Co. Ltd (ASX:SIQGet Free Report) insider Mark Rigotti acquired 11,905 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of A$8.40 ($5.32) per share, for a total transaction of A$100,002.00 ($63,292.41).

Smartgroup Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 34.82. The company has a market cap of $1.05 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 7.51 and a beta of 0.77.

Smartgroup Cuts Dividend

The company also recently disclosed a Final dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 3.72%. Smartgroup’s dividend payout ratio is currently 67.31%.

Smartgroup Company Profile

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Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

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