3i Group (III) Stock Rating Reaffirmed by Numis Securities

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Numis Securities reaffirmed their buy rating on shares of 3i Group (LON:III) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

III traded up GBX 23.50 ($0.31) during midday trading on Thursday, hitting GBX 1,077.50 ($14.08). 1,964,554 shares of the company were exchanged, compared to its average volume of 2,190,000. The company has a market capitalization of $10.41 billion and a P/E ratio of 6.88. The company has a debt-to-equity ratio of 7.62, a quick ratio of 7.81 and a current ratio of 8.01. 3i Group has a 1-year low of GBX 7.44 ($0.10) and a 1-year high of GBX 1,093.50 ($14.29).

The business also recently declared a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 13th will be given a dividend of GBX 20 ($0.26) per share. This is an increase from 3i Group’s previous dividend of $15.00. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 13th. 3i Group’s dividend payout ratio (DPR) is currently 0.24%.

In related news, insider Simon Borrows purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of GBX 1,051 ($13.73) per share, with a total value of £525,500 ($686,658.83). Insiders have acquired a total of 50,045 shares of company stock worth $52,594,810 over the last ninety days.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.

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