Premier Asset Management Group (PAM) Sets New 52-Week High at $270.00

Premier Asset Management Group PLC (LON:PAM) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 270 ($3.66) and last traded at GBX 265 ($3.59), with a volume of 219662 shares trading hands. The stock had previously closed at GBX 265 ($3.59).

A number of analysts have weighed in on PAM shares. Liberum Capital increased their target price on shares of Premier Asset Management Group from GBX 249 ($3.38) to GBX 279 ($3.78) and gave the stock a “buy” rating in a report on Thursday, November 30th. Numis Securities increased their target price on shares of Premier Asset Management Group from GBX 210 ($2.85) to GBX 225 ($3.05) and gave the stock an “add” rating in a report on Thursday, November 2nd.

The firm has a market capitalization of $290.00 and a price-to-earnings ratio of 3,312.50.

The company also recently disclosed a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 7th were issued a GBX 4.25 ($0.06) dividend. This represents a dividend yield of 2%. The ex-dividend date was Thursday, December 7th. This is a boost from Premier Asset Management Group’s previous dividend of $1.25.

In related news, insider Michael Patrick O’Shea sold 483,264 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 210 ($2.85), for a total value of £1,014,854.40 ($1,376,260.37).

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About Premier Asset Management Group

Premier Asset Management Group PLC is a retail asset management group with a focus on delivering investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The Company offers a range of investment types, including mutual funds, closed-ended investment companies and a portfolio management service.

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