Foresight Group (LON:FSG) Trading Up 1.8% – What’s Next?

Foresight Group Holdings Limited (LON:FSGGet Free Report) shares shot up 1.8% on Wednesday . The stock traded as high as GBX 364 ($4.83) and last traded at GBX 359.50 ($4.77). 168,884 shares traded hands during trading, a decline of 54% from the average session volume of 366,931 shares. The stock had previously closed at GBX 353 ($4.68).

Foresight Group Price Performance

The stock’s 50-day moving average is GBX 359.45 and its two-hundred day moving average is GBX 401.72. The company has a market cap of £413.51 million, a P/E ratio of 16.27 and a beta of 0.44.

Foresight Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 7.40 ($0.10) per share. This represents a yield of 1.64%. The ex-dividend date of this dividend was Thursday, January 16th. Foresight Group’s dividend payout ratio (DPR) is presently 140.32%.

Insiders Place Their Bets

In other Foresight Group news, insider Gary Fraser purchased 13,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of GBX 359 ($4.76) per share, for a total transaction of £46,670 ($61,937.62). Also, insider Geoffrey Gavey acquired 13,369 shares of Foresight Group stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 374 ($4.96) per share, with a total value of £50,000.06 ($66,357.08). Over the last three months, insiders have bought 113,004 shares of company stock valued at $44,321,006. Insiders own 35.32% of the company’s stock.

Foresight Group Company Profile

(Get Free Report)

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

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