GCP Infrastructure Investments (LON:GCP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 72.91 ($0.97) and traded as high as GBX 73.30 ($0.97). GCP Infrastructure Investments shares last traded at GBX 72 ($0.96), with a volume of 1,342,073 shares.

GCP Infrastructure Investments Stock Down 0.6 %

The stock has a market capitalization of £646.22 million, a P/E ratio of 41.44 and a beta of 0.34. The business’s 50 day simple moving average is GBX 73.57 and its two-hundred day simple moving average is GBX 72.91.

GCP Infrastructure Investments Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 11th. Investors of record on Thursday, February 6th were given a GBX 1.75 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a yield of 2.46%. GCP Infrastructure Investments’s payout ratio is 402.87%.

Insiders Place Their Bets

In other news, insider Ian Brown purchased 46,116 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of GBX 76 ($1.01) per share, with a total value of £35,048.16 ($46,501.47). Also, insider Dawn Crichard purchased 14,009 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average price of GBX 71 ($0.94) per share, for a total transaction of £9,946.39 ($13,196.75). Corporate insiders own 0.33% of the company’s stock.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.