Stephanie Nixon, an insider at Elders Limited, has purchased a significant stake in the company by acquiring 19,950 shares on December 24, 2023. The shares were acquired at an average price of A$6.97 each, resulting in a total transaction value of approximately A$139,051.50.
Elders Limited, which trades on the Australian Securities Exchange under the ticker ASX:ELD, has demonstrated stable financial metrics. The firm currently holds a market capitalization of $1.41 billion and reports a price-to-earnings (P/E) ratio of 18.32. Its current ratio stands at 1.28, while the quick ratio is 0.79, indicating a solid liquidity position. The company’s debt-to-equity ratio is noted at 86.92, suggesting a manageable level of debt relative to its equity.
Recent Dividend Declaration
In addition to Nixon’s purchase, Elders recently declared a final dividend, which was disbursed on December 22, 2023. Shareholders on record as of that date received a dividend of $0.18 per share. The ex-dividend date was November 24, 2023. This dividend reflects a payout ratio of 100.00%, indicating that the company is returning all of its earnings to shareholders in the form of dividends.
Elders Limited primarily engages in providing agricultural products and services to rural and regional customers across Australia. The company operates through various segments, including Branch Network, Wholesale Products, and Feed and Processing Services. It offers a wide range of farm inputs such as seeds, fertilizers, agricultural chemicals, and animal health products. Additionally, Elders provides professional advisory services related to production and cropping, alongside retail services through corporate-owned stores and independently owned member stores under various brand names.
The recent share acquisition by Nixon may signal confidence in the company’s ongoing performance and strategic direction. As Elders continues to navigate the agricultural landscape, its ability to deliver value to shareholders remains a critical focus.
