Insider Selling: Intermediate Capital Group plc (LON:ICP) Insider Sells £34,457.60 in Stock

Intermediate Capital Group plc (LON:ICP) insider Vijay Bharadia sold 2,692 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of GBX 1,280 ($15.75), for a total transaction of £34,457.60 ($42,404.13).

Intermediate Capital Group stock opened at GBX 1,307 ($16.08) on Thursday. The stock has a market cap of $3.80 billion and a P/E ratio of 34.21. The company has a fifty day simple moving average of GBX 1,265.82 and a 200-day simple moving average of GBX 1,343.60. Intermediate Capital Group plc has a 12-month low of GBX 452 ($5.56) and a 12-month high of GBX 1,896 ($23.33). The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 155.09.

The business also recently declared a dividend, which will be paid on Wednesday, August 5th. Investors of record on Thursday, June 18th will be paid a dividend of GBX 35.80 ($0.44) per share. This is a positive change from Intermediate Capital Group’s previous dividend of $15.00. This represents a yield of 2.79%. The ex-dividend date is Thursday, June 18th. Intermediate Capital Group’s dividend payout ratio (DPR) is currently 133.51%.

A number of research firms recently weighed in on ICP. JPMorgan Chase & Co. increased their price objective on shares of Intermediate Capital Group from GBX 1,400 ($17.23) to GBX 1,590 ($19.57) and gave the stock an “overweight” rating in a research report on Friday, June 5th. Jefferies Financial Group increased their price objective on shares of Intermediate Capital Group from GBX 1,565 ($19.26) to GBX 1,700 ($20.92) and gave the stock a “buy” rating in a research report on Monday, June 8th. Canaccord Genuity increased their price objective on shares of Intermediate Capital Group from GBX 1,244 ($15.31) to GBX 1,716 ($21.12) and gave the stock a “buy” rating in a research report on Tuesday. Citigroup reaffirmed a “buy” rating and set a GBX 1,612 ($19.84) price objective on shares of Intermediate Capital Group in a research report on Friday, June 12th. Finally, Barclays increased their price objective on shares of Intermediate Capital Group from GBX 1,520 ($18.71) to GBX 1,570 ($19.32) and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,607.33 ($19.78).

About Intermediate Capital Group

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

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Insider Buying and Selling by Quarter for Intermediate Capital Group (LON:ICP)

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