3i Group (OTCMKTS:TGOPY) Trading Down 1.6% - Should You Sell?

Key Points

• 3i Group plc shares fell 1.6% to $27.82 during mid-day trading, with trading volume significantly increasing to 432,713 shares, compared to an average of 181,726 shares.
• Kepler Capital Markets has upgraded 3i Group's rating to "hold" as of July 8th.
• The company announced a new dividend of $0.2298 per share, reflecting an increase from its previous dividend of $0.15, with a payment date set for August 11th.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report)'s share price was down 1.6% during mid-day trading on Monday . The stock traded as low as $27.66 and last traded at $27.82. Approximately 432,713 shares changed hands during mid-day trading, an increase of 138% from the average daily volume of 181,726 shares. The stock had previously closed at $28.27.

Wall Street Analysts Forecast Growth

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

3i Group Price Performance

The stock has a 50 day simple moving average of $28.51 and a two-hundred day simple moving average of $26.58.

3i Group Increases Dividend

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

3i Group Company Profile

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.