WAM Active (ASX:WAA) Insider Purchases A$20,400.00 in Stock

WAM Active Limited (ASX:WAA) insider Karina Kwan bought 20,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of A$1.02 per share, for a total transaction of A$20,400.00.

WAM Active Price Performance

The firm has a market capitalization of $67.58 million, a price-to-earnings ratio of 8.10 and a beta of 0.75.

WAM Active Cuts Dividend

The firm also recently announced a Interim dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 29th will be given a $0.01 dividend. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Tuesday, June 16th. WAM Active’s payout ratio is presently 54.55%.

About WAM Active

WAM Active Limited is a close-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It also invests in bills of exchange, other negotiable investments, and debentures. The fund seeks to take advantage of opportunities created by corporate transactions and other trading and arbitrage opportunities.