Barry M. Olliff Sells 50,000 Shares of City of London Investment Group PLC (CLIG) Stock
City of London Investment Group PLC (LON:CLIG) insider Barry M. Olliff sold 50,000 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of GBX 400 ($4.95), for a total value of £200,000 ($247,524.75).
City of London Investment Group PLC (LON:CLIG) traded up 0.07% during mid-day trading on Thursday, hitting GBX 382.00. The stock had a trading volume of 22,788 shares. The stock’s market cap is GBX 95.67 million. City of London Investment Group PLC has a 52-week low of GBX 265.00 and a 52-week high of GBX 414.00. The firm has a 50-day moving average of GBX 378.77 and a 200-day moving average of GBX 331.01.
The firm also recently disclosed a dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 13th will be issued a GBX 16 ($0.20) dividend. The ex-dividend date is Thursday, October 13th. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. This represents a yield of 5.08%.
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Several brokerages have issued reports on CLIG. N+1 Singer reaffirmed a “hold” rating and set a GBX 378 ($4.68) target price on shares of City of London Investment Group PLC in a research report on Thursday, September 22nd. Peel Hunt reaffirmed a “neutral” rating and set a GBX 403 ($4.99) target price on shares of City of London Investment Group PLC in a research report on Monday, September 26th.
About City of London Investment Group PLC
City of London Investment Group PLC is a United Kingdom-based holding company. The Company is an asset management company, which focuses on closed-end fund investment. The Company’s objective is to provide above average, long-term outperformance versus the appropriate funds’ market benchmark. The Company offers developed, frontier and tactical asset allocation closed-end fund strategies, as well as products, which offer natural resources exposure directly through equities.
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