BlackRock Frontiers (LON:BRFI) Hits New 1-Year High After Dividend Announcement

BlackRock Frontiers (LON:BRFI)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as GBX 179 and last traded at GBX 177, with a volume of 658258 shares changing hands. The stock had previously closed at GBX 176.50.

BlackRock Frontiers Trading Up 0.3%

The firm has a 50 day moving average price of GBX 172.37 and a 200 day moving average price of GBX 165.93. The stock has a market capitalization of £335.01 million, a PE ratio of 20.39 and a beta of 0.66.

Insider Activity

In related news, insider Liz Airey sold 25,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of GBX 173, for a total transaction of £43,250. Corporate insiders own 0.42% of the company’s stock.

About BlackRock Frontiers

The Company’s investment objective is to achieve long term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, less developed countries. These countries (the “Frontiers Universe”) are any country which is neither part of the MSCI World Index of developed markets nor one of the eight largest countries by market capitalisation in the MSCI Emerging Markets Index as at 1 April 2018: being Brazil, China, India, Korea, Mexico, Russia, South Africa, and Taiwan.