Insider Buying: Servcorp Limited (ASX:SRV) Insider Buys A$128,904.24 in Stock

Servcorp Limited (ASX:SRV) insider Alfred Moufarrige purchased 26,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of A$4.95 ($3.19) per share, for a total transaction of A$128,904.24 ($83,164.02).

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

• On Thursday, September 19th, Alfred Moufarrige purchased 100,000 shares of Servcorp stock. The shares were purchased at an average price of A$4.90 ($3.16) per share, with a total value of A$490,000.00 ($316,129.03).

Servcorp Price Performance

The company has a debt-to-equity ratio of 190.73, a quick ratio of 0.84 and a current ratio of 0.79.

Servcorp Increases Dividend

The firm also recently declared a Final dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were issued a $0.13 dividend. This represents a yield of 2.7%. This is an increase from Servcorp’s previous Final dividend of $0.12. The ex-dividend date of this dividend was Tuesday, September 3rd. Servcorp’s dividend payout ratio is presently 65.00%.

Servcorp Company Profile

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.