Record (LON:REC) Posts Quarterly Earnings Results

Record (LON:REC) posted its quarterly earnings data on Friday. The company reported GBX 2.84 earnings per share for the quarter, Digital Look Earnings reports. Record had a return on equity of 27.84% and a net margin of 19.03%. The company had revenue of GBX 2,276 million during the quarter.

Record Stock Down 3.1%

Record stock traded down GBX 1.50 during mid-day trading on Friday, hitting GBX 46.30. The company had a trading volume of 660,860 shares, compared to its average volume of 247,708. Record has a 12 month low of GBX 41.40 and a 12 month high of GBX 59.80. The company has a market capitalization of £90.41 million, a PE ratio of 12.09 and a beta of 0.77. The stock’s 50 day moving average price is GBX 43.92 and its two-hundred day moving average price is GBX 49.66. The company has a current ratio of 49.85, a quick ratio of 4.03 and a debt-to-equity ratio of 24.30.

Insider Buying and Selling at Record

In other news, insider Jan Witte sold 135,105 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 44, for a total transaction of £59,446.20. 46.34% of the stock is owned by insiders.

About Record

Record Financial Group is a leading specialist currency and asset manager with $102.7 billion in Assets Under Management Equivalents (as of 28th June 2024) for institutional clients, with global offices across London, Frankfurt, Zürich and Düsseldorf.

We have over 40 years’ experience in passive and active currency hedging, as well as return-seeking strategies. We can simplify currency for you and provide cost-effective solutions to almost all currency-related challenges. Our clients are asset managers, pension funds, foundations, and other institutional investors.

Our asset management team offers best in class, yield-seeking strategies across various private market asset classes including EM Debt, Digital Lending, Private Credit and Infrastructure strategies.