Foresight Group (LON:FSG) Reaches New 12-Month Low – Here’s What Happened

Foresight Group Holdings Limited (LON:FSG)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 341 ($4.41) and last traded at GBX 348.50 ($4.51), with a volume of 74837 shares. The stock had previously closed at GBX 348.50 ($4.51).

Foresight Group Price Performance

The stock has a 50-day moving average price of GBX 379.16 and a 200-day moving average price of GBX 424.67. The company has a market capitalization of £400.86 million, a price-to-earnings ratio of 15.77 and a beta of 0.44.

Foresight Group Cuts Dividend

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

Insider Buying and Selling

In other Foresight Group news, insider Geoffrey Gavey bought 13,369 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of GBX 374 ($4.84) per share, for a total transaction of £50,000.06 ($64,641.32). Also, insider Gary Fraser purchased 86,635 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of GBX 400 ($5.17) per share, for a total transaction of £346,540 ($448,015.51). Insiders have purchased 113,004 shares of company stock valued at $44,321,006 over the last 90 days. 35.32% of the stock is owned by corporate insiders.

About Foresight Group

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.