Volta Finance (LON:VTA) Sets New 1-Year High After Insider Buying Activity

Volta Finance Limited (LON:VTA) hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 480 ($6.25) and last traded at GBX 5.55 ($0.07), with a volume of 428 shares trading hands. The stock had previously closed at GBX 5.45 ($0.07).

Specifically, insider Joanne Peacegood purchased 890 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of GBX 550 ($7.16) per share, for a total transaction of £4,895 ($6,372.04).

Volta Finance Price Performance

The stock has a market capitalization of £1.99 million, a price-to-earnings ratio of 0.06 and a beta of 0.87. The company’s 50-day simple moving average is GBX 5.32 and its 200-day simple moving average is GBX 5.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 19.19 and a quick ratio of 15.15.

Volta Finance Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were issued a dividend of €0.15 ($0.16) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 2.76%. Volta Finance’s payout ratio is currently 0.67%.

About Volta Finance

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.