3i Group (OTCMKTS:TGOPY) Shares Gap Down - Here's What Happened

Key Points

• 3i Group's stock gapped down significantly, opening at $13.93 after closing at $28.10, indicating a loss of nearly 50% in value.
• Kepler Capital Markets has upgraded 3i Group's rating to "hold", signaling potential stability amidst the recent volatility.
• The firm announced an increased dividend of $0.2298 per share, representing a yield of 134.0%, a notable boost from the previous amount.

Shares of 3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $28.10, but opened at $13.93. 3i Group shares last traded at $14.08, with a volume of 7,105 shares changing hands.

Wall Street Analysts Forecast Growth

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

3i Group Trading Down 1.6%

The business's 50-day moving average is $27.62 and its 200-day moving average is $26.58.

3i Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, June 23rd were given a $0.2298 dividend. This represents a yield of 134.0%. The ex-dividend date was Friday, June 20th. This is a boost from 3i Group's previous dividend of $0.15.

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.