Insider Buying: Coventry Group Ltd (ASX:CYG) Insider Acquires 52,201 Shares of Stock

Coventry Group Ltd (ASX:CYG) insider Alexander (Alex) White acquired 52,201 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was acquired at an average price of A$1.35 ($0.88) per share, with a total value of A$70,366.95 ($45,692.82).

Alexander (Alex) White also recently made the following trade(s):

• On Tuesday, October 29th, Alexander (Alex) White purchased 56,510 shares of Coventry Group stock. The shares were acquired at an average price of A$1.31 ($0.85) per share, with a total value of A$74,197.63 ($48,180.28).
• On Thursday, October 31st, Alexander (Alex) White bought 96,499 shares of Coventry Group stock. The stock was bought at an average cost of A$1.35 ($0.88) per share, with a total value of A$130,466.65 ($84,718.60).
• On Tuesday, October 15th, Alexander (Alex) White purchased 17,404 shares of Coventry Group stock. The stock was bought at an average cost of A$1.32 ($0.86) per share, for a total transaction of A$22,973.28 ($14,917.71).
• On Wednesday, October 9th, Alexander (Alex) White acquired 66,314 shares of Coventry Group stock. The shares were bought at an average price of A$1.28 ($0.83) per share, with a total value of A$84,749.29 ($55,032.01).
• On Thursday, October 3rd, Alexander (Alex) White bought 161,836 shares of Coventry Group stock. The stock was purchased at an average cost of A$1.30 ($0.84) per share, for a total transaction of A$209,739.46 ($136,194.45).

Coventry Group Price Performance

The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 94.64.

Coventry Group Increases Dividend

The firm also recently announced a Final dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were issued a $0.037 dividend. This is an increase from Coventry Group’s previous Final dividend of $0.04. This represents a dividend yield of 2.88%. The ex-dividend date was Thursday, September 26th. Coventry Group’s payout ratio is presently 400.00%.

About Coventry Group

Coventry Group Ltd primarily engages in the distribution of industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial, stainless steel, and construction fasteners; and specialized fastener products and systems, as well as industrial hardware, and associated industrial tools and consumables.