Insider Selling: City of London Investment Group PLC (CLIG) Insider Sells 75,000 Shares of Stock
City of London Investment Group PLC (LON:CLIG) insider Barry M. Olliff sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of GBX 425 ($5.59), for a total value of £318,750 ($419,077.04).
Shares of City of London Investment Group PLC (LON:CLIG) traded down 1.10% on Wednesday, hitting GBX 425.25. The stock had a trading volume of 211 shares. City of London Investment Group PLC has a one year low of GBX 325.30 and a one year high of GBX 437.60. The company’s 50 day moving average is GBX 407.58 and its 200 day moving average is GBX 398.17. The stock’s market cap is GBX 107.94 million.
The firm also recently disclosed a dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, October 12th will be paid a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 4.04%. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. The ex-dividend date is Thursday, October 12th.
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Several research analysts have recently weighed in on CLIG shares. N+1 Singer restated a “hold” rating on shares of City of London Investment Group PLC in a report on Monday. Beaufort Securities restated a “long term buy” rating on shares of City of London Investment Group PLC in a report on Friday, June 30th.
About City of London Investment Group PLC
City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.
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