F&C Investment Trust (LON:FCIT) Sets New 1-Year High on Insider Buying Activity

F&C Investment Trust (LON:FCIT)’s stock price reached a new 52-week high during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 1,110 ($14.28) and last traded at GBX 1,108 ($14.26), with a volume of 418237 shares traded. The stock had previously closed at GBX 1,096 ($14.10).

Specifically, insider Beatrice Hollond acquired 90 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of GBX 1,094 ($14.08) per share, for a total transaction of £984.60 ($1,267.02).

F&C Investment Trust Stock Performance

The firm has a market capitalization of £5.45 billion, a P/E ratio of 579.17 and a beta of 0.62. The company has a 50-day moving average of GBX 1,042.31 and a 200-day moving average of GBX 1,028.63. The company has a current ratio of 2.81, a quick ratio of 3.92 and a debt-to-equity ratio of 10.50.

F&C Investment Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a GBX 3.60 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.34%. F&C Investment Trust’s dividend payout ratio (DPR) is currently 781.25%.

About F&C Investment Trust

F&C Investment Trust PLC operates closed ended fund. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the investment portfolio of the company. The company is based in London, the United Kingdom.