Edinburgh Investment (LON:EDIN) Sets New 52-Week High at $727.00

Edinburgh Investment (LON:EDIN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 727 ($8.98) and last traded at GBX 722.60 ($8.93), with a volume of 66043 shares trading hands. The stock had previously closed at GBX 722 ($8.92).

Edinburgh Investment Trading Up 0.2 %

The company has a quick ratio of 3.88, a current ratio of 7.79 and a debt-to-equity ratio of 10.70. The stock’s 50 day moving average price is GBX 682.32 and its 200-day moving average price is GBX 670.25. The stock has a market capitalization of £1.10 billion, a P/E ratio of 555.38 and a beta of 0.82.

Edinburgh Investment Increases Dividend

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

Insider Activity at Edinburgh Investment

In other news, insider Annabel Tagoe-Bannerman bought 732 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of GBX 682 ($8.42) per share, with a total value of £4,992.24 ($6,166.30). In related news, insider Annabel Tagoe-Bannerman purchased 732 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of GBX 682 ($8.42) per share, with a total value of £4,992.24 ($6,166.30). Also, insider Elisabeth Stheeman purchased 551 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of GBX 668 ($8.25) per share, with a total value of £3,680.68 ($4,546.29). 3.59% of the stock is currently owned by corporate insiders.

About Edinburgh Investment

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.