Insider Selling: Netwealth Group Limited (ASX:NWL) Insider Sells 1,077,868 Shares of Stock

Netwealth Group Limited (ASX:NWL) insider Matthew (Matt) Heine sold 1,077,868 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of A$27.00 ($18.12), for a total transaction of A$29,102,436.00 ($19,531,836.24).

Matthew (Matt) Heine also recently made the following trade(s):

• On Monday, October 14th, Matthew (Matt) Heine sold 47,790 shares of Netwealth Group stock. The stock was sold at an average price of A$27.21 ($18.26), for a total value of A$1,300,222.53 ($872,632.57).
• On Monday, August 19th, Matthew (Matt) Heine sold 1,000,000 shares of Netwealth Group stock. The shares were sold at an average price of A$22.50 ($15.10), for a total value of A$22,500,000.00 ($15,100,671.14).

Netwealth Group Price Performance

The company has a debt-to-equity ratio of 10.32, a quick ratio of 6.18 and a current ratio of 5.12.

Netwealth Group Increases Dividend

The company also recently disclosed a Final dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a $0.14 dividend. This represents a dividend yield of 0.64%. This is a positive change from Netwealth Group’s previous Final dividend of $0.13. The ex-dividend date was Sunday, August 25th. Netwealth Group’s dividend payout ratio (DPR) is presently 82.35%.

About Netwealth Group

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. The company operates a platform that offers superannuation, including accumulation and retirement income products; investor directed portfolio services for self-managed superannuation and non-superannuation investments; managed accounts and funds, self-managed superannuation funds administration; and non-custodial administration and reporting services.