Insider Buying: Jumbo Interactive Limited (ASX:JIN) Insider Acquires 8,000 Shares of Stock

Jumbo Interactive Limited (ASX:JIN) insider Michael (Mike) Veverka purchased 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of A$11.66 ($7.29) per share, for a total transaction of A$93,304.00 ($58,315.00).

Jumbo Interactive Price Performance

The company has a market cap of $829.76 million, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company has a quick ratio of 2.47, a current ratio of 1.90 and a debt-to-equity ratio of 2.69.

Jumbo Interactive Cuts Dividend

The company also recently disclosed a Interim dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a yield of 1.99%. Jumbo Interactive’s dividend payout ratio is presently 79.71%.

Jumbo Interactive Company Profile

Jumbo Interactive Limited engages in the retail of lottery tickets through internet and mobile devices in Australia, the United Kingdom, Canada, Fiji, and internationally. It operates through three segments: Lottery Retailing, Software-as-a-Service, and Managed Services. The company is involved in the retail of digital lottery tickets through Oz Lotteries; licenses Powered by Jumbo, a digital lottery platform solution to government and charity lottery operators; and lottery management services, including prize procurement, lottery game design, campaign marketing, and customer relationship and draw management services to charities.