Alfa Financial Software (LON:ALFA) Sets New 1-Year High – Here’s Why

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 227.50 ($2.93) and last traded at GBX 223.50 ($2.88), with a volume of 90713 shares traded. The stock had previously closed at GBX 221 ($2.84).

Alfa Financial Software Stock Up 1.1 %

The stock has a market cap of £659.82 million, a P/E ratio of 3,157.14, a P/E/G ratio of 4.19 and a beta of 0.08. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 20.78. The company has a 50-day simple moving average of GBX 208.37 and a two-hundred day simple moving average of GBX 191.91.

Alfa Financial Software Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 8th. Investors of record on Thursday, September 26th were issued a dividend of GBX 4.20 ($0.05) per share. This is a positive change from Alfa Financial Software’s previous dividend of $1.30. This represents a yield of 2.16%. The ex-dividend date was Thursday, September 26th. Alfa Financial Software’s dividend payout ratio is currently 1,428.57%.

Insiders Place Their Bets

In related news, insider Matthew White sold 828,551 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of GBX 212 ($2.73), for a total transaction of £1,756,528.12 ($2,260,363.04). Insiders own 58.40% of the company’s stock.

Alfa Financial Software Company Profile

Alfa Financial Software Holdings PLC, through its subsidiaries, provides software and consultancy services to the auto and equipment finance industry in the United Kingdom, the United States, rest of Europe, the Middle East, Africa, and internationally. It operates through Subscription, Software, and Services segments.