Finsbury Growth & Income Trust PLC (LON:FGT - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 851.59 ($10.69) and traded as high as GBX 864 ($10.85). Finsbury Growth & Income Trust shares last traded at GBX 848 ($10.65), with a volume of 388,966 shares changing hands.
Finsbury Growth & Income Trust Trading Down 0.2 %
The firm has a market cap of £1.73 billion, a PE ratio of 1,208.57 and a beta of 0.53. The company has a current ratio of 3.33, a quick ratio of 0.48 and a debt-to-equity ratio of 1.87. The business has a fifty day moving average price of GBX 851.59 and a 200 day moving average price of GBX 839.73.
Finsbury Growth & Income Trust Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date is Thursday, April 4th. This represents a yield of 1.03%. Finsbury Growth & Income Trust's payout ratio is 2,714.29%.
Insiders Place Their Bets
In related news, insider Simon Hayes acquired 4,000 shares of the firm's stock in a transaction on Tuesday, January 9th. The stock was bought at an average cost of GBX 836 ($10.49) per share, with a total value of £33,440 ($41,978.41). In other Finsbury Growth & Income Trust news, insider Simon Hayes purchased 4,000 shares of Finsbury Growth & Income Trust stock in a transaction dated Tuesday, January 9th. The stock was acquired at an average cost of GBX 836 ($10.49) per share, with a total value of £33,440 ($41,978.41). Also, insider Katherine Cornish-Bowden purchased 139 shares of Finsbury Growth & Income Trust stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of GBX 853 ($10.71) per share, with a total value of £1,185.67 ($1,488.41). In the last ninety days, insiders purchased 7,139 shares of company stock valued at $5,976,567. 4.79% of the stock is owned by company insiders.
Finsbury Growth & Income Trust Company Profile
(
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Finsbury Growth & Income Trust PLC is a closed ended equity mutual fund launched Frostrow Capital LLP. The fund is co-managed by Lindsell Train Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.
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