Gore Street Energy Storage Fund (LON:GSF) Shares Up 0.3% - What's Next?

Gore Street Energy Storage Fund (LON:GSF - Get Free Report)'s stock price shot up 0.3% on Friday . The company traded as high as GBX 65.80 ($0.89) and last traded at GBX 64.60 ($0.87). 1,776,712 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 1,527,277 shares. The stock had previously closed at GBX 64.40 ($0.87).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "house stock" rating on shares of Gore Street Energy Storage Fund in a research note on Thursday, April 17th.

Gore Street Energy Storage Fund Stock Performance

The company has a market cap of £332.96 million, a PE ratio of -55.83 and a beta of 0.31. The business's 50-day moving average is GBX 58.85 and its 200 day moving average is GBX 52.55.

Gore Street Energy Storage Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 1.92%. Gore Street Energy Storage Fund's dividend payout ratio is currently -691.37%.

Insider Activity

In related news, insider Malcolm Robert King bought 30,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of GBX 58 ($0.78) per share, with a total value of £17,400 ($23,418.57). Insiders own 5.34% of the company's stock.

Gore Street Energy Storage Fund Company Profile

About Us: Gore Street Energy Storage Fund plc is London's first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US.