3i Infrastructure (LON:3IN) Hits New 12-Month Low – What’s Next?

Shares of 3i Infrastructure plc (LON:3IN) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 307 ($3.83) and last traded at GBX 313 ($3.90), with a volume of 565140 shares trading hands. The stock had previously closed at GBX 315 ($3.93).

3i Infrastructure Price Performance

The stock has a market cap of £2.88 billion, a P/E ratio of 822.37 and a beta of 0.50. The company’s 50 day moving average price is GBX 322.32 and its 200-day moving average price is GBX 331.73. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 6.33 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from 3i Infrastructure’s previous dividend of $5.95. This represents a yield of 1.88%. 3i Infrastructure’s payout ratio is presently 3,157.89%.

Insider Buying and Selling at 3i Infrastructure

In other news, insider Martin Magee acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of GBX 336 ($4.19) per share, for a total transaction of £10,080 ($12,574.85). Also, insider Douglas Bannister bought 6,115 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of GBX 327 ($4.08) per share, with a total value of £19,996.05 ($24,945.17). Corporate insiders own 0.01% of the company’s stock.

About 3i Infrastructure

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to deliver a long-term sustainable return to shareholders from investing in infrastructure.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Manager to 3i Infrastructure plc.