Hipgnosis Songs Fund Limited (LON:SONG – Get Rating) insider Andrew Sutch purchased 660 shares of the company’s stock in a transaction on Tuesday, April 12th. The shares were purchased at an average cost of GBX 119 ($1.55) per share, for a total transaction of £785.40 ($1,023.46).
Shares of Hipgnosis Songs Fund stock traded up GBX 1.33 ($0.02) during trading on Wednesday, hitting GBX 120.33 ($1.57). 334,653 shares of the stock were exchanged, compared to its average volume of 2,952,774. The company has a current ratio of 8.39, a quick ratio of 8.39 and a debt-to-equity ratio of 36.28. The company has a fifty day moving average price of GBX 114.73 and a 200-day moving average price of GBX 121.24. The stock has a market capitalization of £1.46 billion and a price-to-earnings ratio of 19,833.33. Hipgnosis Songs Fund Limited has a 1-year low of GBX 98.70 ($1.29) and a 1-year high of GBX 130.40 ($1.70).
The firm also recently declared a dividend, which was paid on Tuesday, March 15th. Shareholders of record on Thursday, February 17th were given a dividend of GBX 1.31 ($0.02) per share. This represents a yield of 1.14%. The ex-dividend date was Thursday, February 17th. Hipgnosis Songs Fund’s dividend payout ratio (DPR) is presently 1,191.83%.
Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited. The fund invests in songs and associated musical intellectual property rights, including master recordings and producer royalties. Hipgnosis Songs Fund Limited was formed in 2018 and is domiciled in Guernsey.
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