Premier Asset Management Group (PAM) Hits New 52-Week High at $256.00

Premier Asset Management Group PLC (LON:PAM)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 256 ($3.42) and last traded at GBX 253 ($3.38), with a volume of 84266 shares trading hands. The stock had previously closed at GBX 253 ($3.38).

PAM has been the subject of several analyst reports. Liberum Capital reiterated a “buy” rating and issued a GBX 249 ($3.33) target price on shares of Premier Asset Management Group in a research note on Tuesday, October 3rd. Numis Securities reiterated an “add” rating and issued a GBX 225 ($3.01) target price on shares of Premier Asset Management Group in a research note on Thursday, November 30th.

The company has a market cap of $274.40 and a P/E ratio of 3,188.75.

The company also recently announced a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 7th were paid a GBX 4.25 ($0.06) dividend. This is a boost from Premier Asset Management Group’s previous dividend of $1.25. This represents a dividend yield of 2%. The ex-dividend date was Thursday, December 7th.

In related news, insider Michael Patrick O’Shea sold 483,264 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 210 ($2.81), for a total value of £1,014,854.40 ($1,356,938.63).

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Premier Asset Management Group Company Profile

Premier Asset Management Group PLC is a retail asset management group with a focus on delivering investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The Company offers a range of investment types, including mutual funds, closed-ended investment companies and a portfolio management service.

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