Avation PLC (LON:AVAP) Insider Purchases £17,940 in Stock

Avation PLC (LON:AVAP) insider Stephen Fisher acquired 115 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of £156 ($198.80) per share, for a total transaction of £17,940 ($22,862.24).

Avation Trading Down 1.4 %

Shares of AVAP opened at GBX 156.75 ($2.00) on Monday. Avation PLC has a 1-year low of GBX 102.80 ($1.31) and a 1-year high of GBX 192 ($2.45). The company has a market capitalization of £111.10 million, a P/E ratio of 757.14, a P/E/G ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. The firm’s 50 day simple moving average is GBX 160.79 and its 200 day simple moving average is GBX 143.36.

Avation Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, November 28th will be issued a GBX 0.50 ($0.01) dividend. This is a positive change from Avation’s previous dividend of $0.02. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 0.29%. Avation’s dividend payout ratio is presently 3,809.52%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their target price on Avation from GBX 280 ($3.57) to GBX 255 ($3.25) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

About Avation

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.