Servcorp (ASX:SRV) Insider Purchases A$210,000.00 in Stock

Servcorp Limited (ASX:SRV) insider Alfred Moufarrige bought 30,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was bought at an average price of A$7.00 per share, for a total transaction of A$210,000.00.

Alfred Moufarrige also recently made the following trade(s):

• On Thursday, September 18th, Alfred Moufarrige purchased 12,000 shares of Servcorp stock. The shares were bought at an average price of A$7.00 per share, with a total value of A$84,000.00.
• On Friday, August 22nd, Alfred Moufarrige acquired 200,000 shares of Servcorp stock. The stock was purchased at an average price of A$7.00 per share, for a total transaction of A$1,400,000.00.

Servcorp Stock Performance

The firm has a market cap of $523.01 million, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The company has a quick ratio of 0.84, a current ratio of 0.51 and a debt-to-equity ratio of 190.73.

Servcorp Increases Dividend

The company also recently declared a Final dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.14 per share. This represents a dividend yield of 217.0%. The ex-dividend date was Wednesday, September 3rd. This is a positive change from Servcorp’s previous Final dividend of $0.13. Servcorp’s dividend payout ratio is currently 65.00%.

Servcorp Company Profile

Servcorp Limited provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services. It offers office space solutions; and virtual office services, including office business address, secretary and receptionist, mail forwarding, and telephone answering services.