Duke Royalty Limited (LON:DUKE) Insider Buys £114,741 in Stock

Duke Royalty Limited (LON:DUKEGet Rating) insider Charles Cannon-Brookes purchased 382,470 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of GBX 30 ($0.37) per share, with a total value of £114,741 ($142,712.69).

Duke Royalty Stock Performance

Shares of DUKE opened at GBX 30.65 ($0.38) on Thursday. Duke Royalty Limited has a one year low of GBX 27.25 ($0.34) and a one year high of GBX 38 ($0.47). The company has a 50-day moving average of GBX 30.81 and a two-hundred day moving average of GBX 32.93. The stock has a market cap of £127.97 million, a price-to-earnings ratio of 441.21 and a beta of 1.30. The company has a debt-to-equity ratio of 22.05, a current ratio of 15.88 and a quick ratio of 15.36.

Duke Royalty Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 12th. Shareholders of record on Thursday, March 30th were issued a GBX 0.70 ($0.01) dividend. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 30th. Duke Royalty’s payout ratio is 4,285.71%.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Duke Royalty in a report on Wednesday.

Duke Royalty Company Profile

(Get Rating)

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.

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