Baillie Gifford European Growth Trust (LON:BGEU) Sets New 12-Month Low – Here’s What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 83 ($1.04) and last traded at GBX 84.50 ($1.06), with a volume of 1096205 shares. The stock had previously closed at GBX 84.10 ($1.05).

Baillie Gifford European Growth Trust Stock Up 0.3 %

The firm has a fifty day moving average price of GBX 86.32 and a 200-day moving average price of GBX 90.88. The company has a quick ratio of 4.20, a current ratio of 4.16 and a debt-to-equity ratio of 12.89. The firm has a market cap of £299.51 million, a price-to-earnings ratio of 1,210.71 and a beta of 1.06.

Baillie Gifford European Growth Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 0.60 ($0.01) per share. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, January 9th. Baillie Gifford European Growth Trust’s dividend payout ratio is presently 1,428.57%.

Insider Activity at Baillie Gifford European Growth Trust

In other news, insider David Barron purchased 20,600 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average price of GBX 87 ($1.09) per share, with a total value of £17,922 ($22,467.09). Also, insider Andrew Watkins bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 85 ($1.07) per share, with a total value of £8,500 ($10,655.63). 6.90% of the stock is owned by insiders.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.