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

Edinburgh Investment (LON:EDIN)’s stock price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at GBX 702 ($8.67).

Edinburgh Investment Trading Up 0.6 %

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

Edinburgh Investment Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 2nd will be issued a GBX 6.90 ($0.09) dividend. This is a boost from Edinburgh Investment’s previous dividend of $6.70. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 2nd. Edinburgh Investment’s dividend payout ratio is presently 2,076.92%.

Insider Buying and Selling at Edinburgh Investment

In other Edinburgh Investment news, insider Elisabeth Stheeman purchased 551 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of GBX 668 ($8.25) per share, for a total transaction of £3,680.68 ($4,546.29). In other Edinburgh Investment news, insider Annabel Tagoe-Bannerman purchased 732 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired 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 firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of GBX 668 ($8.25) per share, for a total transaction of £3,680.68 ($4,546.29). 3.59% of the stock is owned by company insiders.

Edinburgh Investment Company Profile

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.