Insider Buying: Class Ltd (ASX:CL1) Insider Buys A$48,480.00 in Stock

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Class Ltd (ASX:CL1) insider Matthew Quinn purchased 40,000 shares of Class stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of A$1.21 ($0.86) per share, for a total transaction of A$48,480.00 ($34,382.98).

Matthew Quinn also recently made the following trade(s):

  • On Wednesday, August 21st, Matthew Quinn purchased 36,000 shares of Class stock. The shares were acquired at an average cost of A$1.33 ($0.94) per share, for a total transaction of A$47,916.00 ($33,982.98).

Shares of CL1 stock opened at A$1.60 ($1.13) on Friday. The business’s fifty day simple moving average is A$1.41 and its 200-day simple moving average is A$1.52. The company has a market cap of $187.67 million and a PE ratio of 20.99. Class Ltd has a 12-month low of A$1.15 ($0.82) and a 12-month high of A$2.23 ($1.58).

The firm also recently declared a Final dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.025 per share. This represents a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 5th. Class’s payout ratio is presently 65.79%.

About Class

Class Limited develops and distributes cloud-based accounting, investment reporting, and administration software for accountants, administrators, and advisers in Australia. The company offers Class Super, a cloud based self-managed super fund (SMSF) administration software to streamline various aspects of SMSF administration.

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