3i Infrastructure (LON:3IN) Stock Price Down 1.6% – Should You Sell?

Posted by Linda Flegge on Dec 14th, 2024

3i Infrastructure plc (LON:3IN – Get Free Report) was down 1.6% during trading on Wednesday . The stock traded as low as GBX 309 ($3.90) and last traded at GBX 310 ($3.91). Approximately 1,862,044 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 1,016,278 shares. The stock had previously closed at GBX 315 ($3.98).

3i Infrastructure Trading Down 0.2 %

The firm’s 50-day simple moving average is GBX 328.18 and its 200 day simple moving average is GBX 333.40. The stock has a market cap of £2.86 billion, a P/E ratio of 815.79 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

3i Infrastructure Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, November 21st will be given a GBX 6.33 ($0.08) dividend. This is a boost from 3i Infrastructure’s previous dividend of $5.95. This represents a yield of 1.88%. The ex-dividend date is Thursday, November 21st. 3i Infrastructure’s dividend payout ratio (DPR) is currently 3,157.89%.

Insider Buying and Selling at 3i Infrastructure

In related news, insider Martin Magee purchased 3,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of GBX 336 ($4.24) per share, for a total transaction of £10,080 ($12,722.45). Also, insider Douglas Bannister purchased 6,115 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of GBX 327 ($4.13) per share, for a total transaction of £19,996.05 ($25,237.98). 0.01% of the stock is owned by company insiders.

About 3i Infrastructure

(Get Free Report)

3i Infrastructure plc is an investment firm specializing in infrastructure investments. The firm invests in early stage assets, mature assets, middle markets, mid venture, acquisitions, and projects and privatizations undergoing a period of operational ramp-up. It may invest in junior or mezzanine debt in infrastructure businesses or assets.