3i Group (OTCMKTS:TGOPY) Sees Strong Trading Volume - What's Next?

Key Points

• 3i Group experienced a significant increase in trading volume, with 343,889 shares exchanged, representing a 94% rise compared to the previous session.
• The company's stock price has declined by 1.6%, with the most recent trading price at $27.88.
• 3i Group announced a new dividend of $0.2298 per share, up from the previous dividend of $0.15, with a yield of 1.34%.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) shares saw an uptick in trading volume on Monday . 343,889 shares changed hands during mid-day trading, an increase of 94% from the previous session's volume of 177,387 shares.The stock last traded at $27.88 and had previously closed at $28.27.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded 3i Group to a "hold" rating in a research report on Tuesday, July 8th.

3i Group Price Performance

The company's 50 day simple moving average is $28.51 and its 200 day simple moving average is $26.58.

3i Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, June 23rd will be issued a $0.2298 dividend. This is a positive change from 3i Group's previous dividend of $0.15. The ex-dividend date is Friday, June 20th. This represents a yield of 134.0%.

About 3i Group

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.