F&C Investment Trust (LON:FCIT) Sets New 12-Month High on Insider Buying Activity

Posted by ABMN Staff on Nov 13th, 2024

F&C Investment Trust (LON:FCIT – Get Free Report) shares hit a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as GBX 1,110 ($14.28) and last traded at GBX 1,108 ($14.26), with a volume of 418237 shares traded. The stock had previously closed at GBX 1,096 ($14.10).

Specifically, insider Beatrice Hollond acquired 90 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of GBX 1,094 ($14.08) per share, for a total transaction of £984.60 ($1,267.02).

F&C Investment Trust Stock Performance

The company has a quick ratio of 3.92, a current ratio of 2.81 and a debt-to-equity ratio of 10.50. The firm has a market capitalization of £5.45 billion, a P/E ratio of 579.17 and a beta of 0.62. The company’s 50 day moving average is GBX 1,042.31 and its 200-day moving average is GBX 1,028.63.

F&C Investment Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 0.34%. F&C Investment Trust’s dividend payout ratio is currently 781.25%.

About F&C Investment Trust

(Get Free Report)

F&C Investment Trust PLC operates closed ended fund. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the investment portfolio of the company. The company is based in London, the United Kingdom.