Bluefield Solar Income Fund (LON:BSIF) Reaches New 1-Year Low – What’s Next?

Bluefield Solar Income Fund (LON:BSIF) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 94 ($1.19) and last traded at GBX 94.52 ($1.20), with a volume of 485717 shares. The stock had previously closed at GBX 94.60 ($1.20).

Bluefield Solar Income Fund Stock Performance

The firm has a market capitalization of £587.79 million, a price-to-earnings ratio of 324.00 and a beta of 0.14. The business’s 50 day moving average is GBX 103.41 and its 200-day moving average is GBX 105.74.

Bluefield Solar Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were given a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 2%. The ex-dividend date was Thursday, October 10th. Bluefield Solar Income Fund’s dividend payout ratio is currently 3,000.00%.

Insider Buying and Selling

In related news, insider Glen Suarez bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of GBX 98 ($1.24) per share, for a total transaction of £9,800 ($12,439.71). 5.42% of the stock is owned by insiders.

Bluefield Solar Income Fund Company Profile

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.