Insider Buying: GTN Limited (ASX:GTN) Insider Buys 308,361 Shares of Stock

GTN Limited (ASX:GTN) insider Craig Coleman acquired 308,361 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of A$0.47 ($0.30) per share, with a total value of A$143,387.87 ($93,717.56).

Craig Coleman also recently made the following trade(s):

• On Thursday, November 7th, Craig Coleman bought 42,170,578 shares of GTN stock. The shares were bought at an average cost of A$0.47 ($0.30) per share, for a total transaction of A$19,609,318.77 ($12,816,548.22).
• On Friday, November 1st, Craig Coleman acquired 511,518 shares of GTN stock. The shares were purchased at an average price of A$0.47 ($0.30) per share, with a total value of A$237,855.87 ($155,461.35).
• On Monday, October 28th, Craig Coleman purchased 362,210 shares of GTN stock. The shares were acquired at an average price of A$0.47 ($0.30) per share, with a total value of A$168,427.65 ($110,083.43).
• On Monday, September 9th, Craig Coleman purchased 21,505,375 shares of GTN stock. The stock was bought at an average cost of A$0.47 ($0.30) per share, with a total value of A$9,999,999.38 ($6,535,947.30).

GTN Stock Performance

The company has a debt-to-equity ratio of 5.34, a current ratio of 1.66 and a quick ratio of 1.98.

GTN Increases Dividend

The firm also recently declared a Final dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.017 per share. This represents a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, September 4th. This is a positive change from GTN’s previous Final dividend of $0.01. GTN’s payout ratio is 100.00%.

GTN Company Profile

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.