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

Edinburgh Investment (LON:EDIN) reached a new 52-week high during 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 traded. The stock had previously closed at GBX 722 ($8.92).

Edinburgh Investment Stock Performance

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

Edinburgh Investment Increases Dividend

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

Insider Buying and Selling at Edinburgh Investment

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

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.