Insider Selling: Ten Entertainment Group (TEG) Insider Sells 217,037 Shares of Stock

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, 2018-05-21 12:08:40

Ten Entertainment Group (LON:TEG) insider Alan Michael Hand sold 217,037 shares of the business’s stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of GBX 240 ($3.22), for a total transaction of £520,888.80 ($698,898.16).

Shares of Ten Entertainment Group traded up GBX 1 ($0.01), hitting GBX 252 ($3.38), during trading hours on Monday, according to 9,904 shares of the stock were exchanged, compared to its average volume of 7,966. Ten Entertainment Group has a one year low of GBX 152 ($2.04) and a one year high of GBX 274.50 ($3.68).

The firm also recently announced a dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, May 24th will be paid a dividend of GBX 7 ($0.09) per share. This is an increase from Ten Entertainment Group’s previous dividend of $3.00. The ex-dividend date is Thursday, May 24th. This represents a yield of 2.78%.

Several analysts have commented on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 325 ($4.36) target price on shares of Ten Entertainment Group in a research report on Friday, February 9th. Numis Securities reissued a “buy” rating and issued a GBX 327 ($4.39) target price on shares of Ten Entertainment Group in a research report on Monday, February 12th. Finally, Berenberg Bank began coverage on shares of Ten Entertainment Group in a report on Tuesday, April 3rd. They set a “buy” rating and a GBX 300 ($4.03) price objective for the company.

About Ten Entertainment Group

Ten Entertainment Group plc, together with its subsidiaries, engages in ten-pin bowling operations in the United Kingdom. The company operates 40 ten-pin bowling sites with approximately 1,000 bowling lanes under the Tenpin brand. It also engages in amusement machine, table tennis, soft play, laser game, pool table, and restaurant and bar activities.

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