Servcorp (ASX:SRV) Insider Buys A$350,000.00 in Stock

Servcorp Limited (ASX:SRV) insider Alfred Moufarrige bought 50,000 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average price of A$7.00 per share, with a total value of A$350,000.00.

Alfred Moufarrige also recently made the following trade(s):

• On Tuesday, September 30th, Alfred Moufarrige purchased 30,000 shares of Servcorp stock. The stock was bought at an average cost of A$7.00 per share, with a total value of A$210,000.00.
• On Thursday, September 18th, Alfred Moufarrige purchased 12,000 shares of Servcorp stock. The stock was bought at an average cost of A$7.00 per share, with a total value of A$84,000.00.
• On Friday, August 22nd, Alfred Moufarrige purchased 200,000 shares of Servcorp stock. The stock was bought at an average cost of A$7.00 per share, with a total value of A$1,400,000.00.

Servcorp Price Performance

The stock has a market cap of $523.01 million, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The company has a debt-to-equity ratio of 190.73, a quick ratio of 0.84 and a current ratio of 0.51.

Servcorp Increases Dividend

The business also recently declared a Final dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, October 1st were given a $0.14 dividend. This represents a yield of 217.0%. This is a boost from Servcorp’s previous Final dividend of $0.13. The ex-dividend date of this dividend was Wednesday, September 3rd. Servcorp’s dividend payout ratio is presently 65.00%.

About Servcorp

Servcorp Limited provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services. It offers office space solutions; and virtual office services, including office business address, secretary and receptionist, mail forwarding, and telephone answering services.