GTN Limited (ASX:GTN) Insider Buys A$19,609,318.77 in Stock

GTN Limited (ASX:GTN) insider Craig Coleman bought 42,170,578 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of A$0.47 ($0.31) per share, with a total value of A$19,609,318.77 ($12,900,867.61).

Craig Coleman also recently made the following trade(s):

• On Friday, November 1st, Craig Coleman purchased 511,518 shares of GTN stock. The stock was bought at an average price of A$0.47 ($0.31) per share, for a total transaction of A$237,855.87 ($156,484.13).
• On Monday, October 28th, Craig Coleman acquired 362,210 shares of GTN stock. The shares were bought at an average price of A$0.47 ($0.31) per share, with a total value of A$168,427.65 ($110,807.66).
• On Monday, September 9th, Craig Coleman bought 21,505,375 shares of GTN stock. The stock was purchased at an average cost of A$0.47 ($0.31) per share, for a total transaction of A$9,999,999.38 ($6,578,946.96).

GTN Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.98 and a debt-to-equity ratio of 5.34.

GTN Increases Dividend

The company also recently disclosed a Final dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.017 per share. This is a positive change from GTN’s previous Final dividend of $0.01. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a dividend yield of 3.54%. GTN’s dividend payout ratio (DPR) is presently 100.00%.

About GTN

GTN Limited, together with its subsidiaries, operates broadcast media advertising platform that supply traffic information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil. It offers information reports, such as traffic and news through advertising spots on television and radio networks directly to advertisers, as well as through advertising agencies.