Playtika Holding Corp. (PLTK) to Issue Quarterly Dividend of $0.10 on April 4th

Playtika Holding Corp. (NASDAQ:PLTK) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.10 per share on Friday, April 4th. This represents a $0.40 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Friday, March 21st.

Playtika has a payout ratio of 48.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Playtika to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 56.3%.

Playtika Price Performance

NASDAQ:PLTK opened at $5.28 on Friday. The firm’s fifty day moving average price is $7.02 and its 200 day moving average price is $7.55. Playtika has a 1-year low of $5.22 and a 1-year high of $9.15. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of Playtika stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the transaction, the insider now owns 202,673,467 shares of the company’s stock, valued at $1,710,564,061.48. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 491,921 shares of company stock worth $4,004,775. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

PLTK has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Wednesday. Roth Mkm lifted their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie decreased their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird restated a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday. Finally, Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Playtika presently has an average rating of “Hold” and an average target price of $8.21.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.