Edinburgh Investment (LON:EDIN) Hits New 1-Year High at $708.00

Edinburgh Investment (LON:EDIN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 708 ($8.75) and last traded at GBX 706 ($8.72), with a volume of 96772 shares changing hands. The stock had previously closed at GBX 702 ($8.67).

Edinburgh Investment Price Performance

The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 546.92 and a beta of 0.82. The company has a 50 day moving average of GBX 678.64 and a 200 day moving average of GBX 668.88. The company has a quick ratio of 3.88, a current ratio of 7.79 and a debt-to-equity ratio of 10.70.

Edinburgh Investment Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 2nd will be paid a dividend of GBX 6.90 ($0.09) per share. The ex-dividend date is Thursday, May 2nd. This is a positive change from Edinburgh Investment’s previous dividend of $6.70. This represents a yield of 0.97%. Edinburgh Investment’s dividend payout ratio is currently 2,076.92%.

Insiders Place Their Bets

In other news, insider Annabel Tagoe-Bannerman purchased 732 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of GBX 682 ($8.42) per share, for a total transaction of £4,992.24 ($6,166.30). In other news, insider Annabel Tagoe-Bannerman purchased 732 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of GBX 682 ($8.42) per share, for a total transaction of £4,992.24 ($6,166.30). Also, insider Elisabeth Stheeman bought 551 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average price of GBX 668 ($8.25) per share, with a total value of £3,680.68 ($4,546.29). 3.59% of the stock is currently owned by insiders.

About Edinburgh Investment

The Edinburgh Investment Trust plc is a closed-ended equity mutual fund launched and managed by Majedie Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.