Kepler Capital Markets upgraded shares of 3i Group (OTCMKTS:TGOPY - Free Report) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.
3i Group Trading Down 1.2%
OTCMKTS TGOPY traded down $0.36 during trading hours on Tuesday, hitting $28.68. 186,318 shares of the company's stock were exchanged, compared to its average volume of 179,449. The stock has a 50-day simple moving average of $28.29 and a 200 day simple moving average of $26.04. 3i Group has a 1-year low of $18.40 and a 1-year high of $29.98.
3i Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, August 11th. Investors of record on Monday, June 23rd will be paid a dividend of $0.2298 per share. The ex-dividend date is Friday, June 20th. This represents a yield of 1.34%. This is a boost from 3i Group's previous dividend of $0.15.
About 3i Group
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3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.
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