Foreign & Colonial Investment Trust PLC (FRCL) Reaches New 12-Month High Following Insider Buying Activity

Shares of Foreign & Colonial Investment Trust PLC (LON:FRCL) reached a new 52-week high on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 668 ($9.06) and last traded at GBX 664 ($9.00), with a volume of 173831 shares traded. The stock had previously closed at GBX 664 ($9.00).

Specifically, insider Jeffrey Hewitt purchased 74 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was bought at an average price of GBX 667 ($9.05) per share, with a total value of £493.58 ($669.35). Insiders purchased 105 shares of company stock valued at $69,048 in the last ninety days.

The firm has a market cap of $3,600.00 and a PE ratio of 5.11.

The firm also recently announced a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 2.70 ($0.04) per share. This is a boost from Foreign & Colonial Investment Trust PLC’s previous dividend of $2.50. The ex-dividend date is Thursday, January 4th. This represents a yield of 0.43%.

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About Foreign & Colonial Investment Trust PLC

Foreign & Colonial Investment Trust PLC is a United Kingdom-based investment trust company. The Trust’s investment objective is to secure long-term growth in capital and income through a policy of investing in a diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing.

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