Directors dealings: Brewin Dolphin's finance chief picks up shares

30th Sep 2016 15:05

(ShareCast News) - Brewin Dolphin's finance chief picked up some shares in the broker at the end of the week.Andrew Westenberger bought 25,000 shares at 263.5 apiece for a total consideration of £65,875.00 on 30 September, the company said in a statement.Westenberger joined the company's Board in January 2013.In its latest interim management statement the company reported that during the third quarter of its fiscal year the company's total funds increased by 2.1% to £33.5bn, while total core funds improved by 3.1% to £30.4bn.On that same day Shore Capital analyst Paul McGinnis said: "While growth is currently a struggle, we think the current Brewin management team has done much of the heavy lifting in turning the business around from the weak situation they inherited just over three years ago."The company is currently trading on an enterprise value of just 1.6% of £33.5bn of total assets under management, of which £26.8bn is discretionary. Recent market transactions have taken place at substantial premiums to this level, and we think the company looks vulnerable at its current price... As such we maintain our buy recommendation".Top Director BuysBrewin Dolphin Holdings (BRW)Director name: Westenberger,AndrewAmount purchased: 25,000 @ 263.50pValue: £65,875.00Inspired Energy (INSE)Director name: Dickinson,MarkAmount purchased: 344,827 @ 14.50pValue: £49,999.91Vectura Group (VEC)Director name: Derodra,AndrewAmount purchased: 30,000 @ 137.55pValue: £41,265.00Prudential (PRU)Director name: Turner,Lord J AdairAmount purchased: 2,000 @ 1,397.50pValue: £27,950.00Jpmorgan Asian Inv Trust (JAI)Director name: Moon,PeterAmount purchased: 10,000 @ 279.50pValue: £27,950.00Loopup Group (LOOP)Director name: Judge,BarbaraAmount purchased: 15,754 @ 126.00pValue: £19,850.04Capita (CPI)Director name: Greatorex,NickAmount purchased: 1,461 @ 678.90pValue: £9,918.703i Group (III)Director name: Wilson,JuliaAmount purchased: 24 @ 642.50pValue: £154.203i Group (III)Director name: Dunn,KevinAmount purchased: 23 @ 642.50pValue: £147.78Maintel Holdings (MAI)Director name: Stevens,KevinAmount purchased: 15 @ 980.00pValue: £147.00Top Director SellsPennant International Group (PEN)Director name: Powell,C CAmount sold: 1,085,042 @ 63.00pValue: £683,576.45Homeserve (HSV)Director name: Ford,JohnathanAmount sold: 60,000 @ 569.60pValue: £341,760.01