Bluefield Solar Income Fund (LON:BSIF) Reaches New 1-Year Low – Here’s Why

Bluefield Solar Income Fund (LON:BSIF)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 93.40 ($1.18) and last traded at GBX 93.40 ($1.18), with a volume of 647110 shares traded. The stock had previously closed at GBX 94.50 ($1.20).

Bluefield Solar Income Fund Stock Performance

The stock’s fifty day simple moving average is GBX 100.62 and its two-hundred day simple moving average is GBX 104.91. The stock has a market capitalization of £563.60 million, a P/E ratio of 315.00 and a beta of 0.14.

Bluefield Solar Income Fund Announces Dividend

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

Insiders Place Their Bets

In other news, insider Glen Suarez bought 10,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of GBX 98 ($1.24) per share, with a total value of £9,800 ($12,433.39). Company insiders own 5.42% of the company’s stock.

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.