Platinum Investment Management Limited (ASX:PTM) Insider Sells A$2,101,901.82 in Stock

Platinum Investment Management Limited (ASX:PTM) insider James (Jim) Simpson sold 3,485,741 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of A$0.60 ($0.39), for a total value of A$2,101,901.82 ($1,356,065.69).

Platinum Investment Management Stock Performance

The company has a market capitalization of $397.92 million, a PE ratio of 0.69, a P/E/G ratio of -0.71 and a beta of 1.21. The company has a quick ratio of 12.66, a current ratio of 23.28 and a debt-to-equity ratio of 3.93.

Platinum Investment Management Cuts Dividend

The company also recently declared a Interim dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 2.5%. Platinum Investment Management’s dividend payout ratio is presently 100.00%.

Platinum Investment Management Company Profile

Platinum Investment Management Limited is a publicly owned hedge fund sponsor. It primarily provides its services to pooled investment vehicles, pension and profit sharing plans, corporations. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients.