Key Points
- 3i Group insider Simon Borrows bought 37,600 shares at an average price of GBX 2,674, spending approximately £1.01 million.
- The board approved a £750 million share buyback, allowing the company to repurchase up to 2.9% of its outstanding shares on the open market.
- Shares opened at GBX 2,719 on Friday. 3i Group reported a market capitalization of £27.56 billion and a 12-month trading range of GBX 1,825 to GBX 3,806.
3i Group (LON:III - Get Free Report) insider Simon Borrows bought 37,600 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was bought at an average cost of GBX 2,674 per share, for a total transaction of £1,005,424.
3i Group Price Performance
Shares of LON III opened at GBX 2,719 on Friday. The company has a market cap of £27.56 billion, a PE ratio of 5.05, a price-to-earnings-growth ratio of -0.35 and a beta of 1.63. The company has a quick ratio of 0.09, a current ratio of 131.80 and a debt-to-equity ratio of 4.08. 3i Group has a twelve month low of GBX 1,825 and a twelve month high of GBX 3,806. The business's 50 day moving average price is GBX 2,539.52 and its two-hundred day moving average price is GBX 2,683.44.
3i Group declared that its board has approved a share buyback plan on Thursday, November 12th that authorizes the company to repurchase £750 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Share repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
About 3i Group
(
Get Free Report)
3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America. We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets. As proprietary capital investors we have a long-term, responsible approach. We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.
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