WAM Active (ASX:WAA) Insider Simon Poidevin Acquires 37,450 Shares

WAM Active Limited (ASX:WAA) insider Simon Poidevin bought 37,450 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average cost of A$1.00 per share, for a total transaction of A$37,450.00.

WAM Active Price Performance

The firm has a market capitalization of $67.58 million, a PE ratio of 8.10 and a beta of 0.75.

WAM Active Cuts Dividend

The company also recently disclosed a Interim dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.01 per share. This represents a yield of 93.0%. The ex-dividend date of this dividend is Tuesday, June 16th. WAM Active’s payout ratio is currently 54.55%.

WAM Active Company Profile

WAM Active Limited is a close-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It also invests in bills of exchange, other negotiable investments, and debentures. The fund seeks to take advantage of opportunities created by corporate transactions and other trading and arbitrage opportunities.