Record (LON:REC) Issues Quarterly Earnings Results

Record (LON:REC) issued its quarterly earnings results on Friday. The company reported GBX 2.84 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 2,276 million for the quarter. Record had a return on equity of 27.84% and a net margin of 19.03%.

Record Stock Down 3.1%

Shares of REC stock traded down GBX 1.50 during mid-day trading on Friday, reaching GBX 46.30. 660,860 shares of the company’s stock traded hands, compared to its average volume of 247,708. Record has a 12 month low of GBX 41.40 and a 12 month high of GBX 59.80. The company has a market cap of £90.41 million, a P/E ratio of 12.09 and a beta of 0.77. The company has a quick ratio of 4.03, a current ratio of 49.85 and a debt-to-equity ratio of 24.30. The company’s 50-day moving average price is GBX 43.92 and its 200-day moving average price is GBX 49.66.

Insider Buying and Selling at Record

In related news, insider Jan Witte sold 135,105 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of GBX 44, for a total value of £59,446.20. 46.34% of the stock is owned by corporate insiders.

Record Company Profile

Record Financial Group is a leading specialist currency and asset manager with $102.7 billion in Assets Under Management Equivalents (as of 28th June 2024) for institutional clients, with global offices across London, Frankfurt, Zürich and Düsseldorf.

We have over 40 years’ experience in passive and active currency hedging, as well as return-seeking strategies. We can simplify currency for you and provide cost-effective solutions to almost all currency-related challenges. Our clients are asset managers, pension funds, foundations, and other institutional investors.

Our asset management team offers best in class, yield-seeking strategies across various private market asset classes including EM Debt, Digital Lending, Private Credit and Infrastructure strategies.