Foresight Group (LON:FSG) Stock Price Down 1.5% – Should You Sell?

Foresight Group Holdings Limited (LON:FSG)’s share price dropped 1.5% on Thursday . The stock traded as low as GBX 382 ($4.81) and last traded at GBX 385 ($4.85). Approximately 126,225 shares traded hands during trading, a decline of 59% from the average daily volume of 306,847 shares. The stock had previously closed at GBX 391 ($4.93).

Foresight Group Trading Down 3.1 %

The firm has a market capitalization of £429.04 million, a P/E ratio of 16.88 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 388.30 and its 200-day simple moving average is GBX 447.54.

Foresight Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 7.40 ($0.09) per share. This represents a dividend yield of 1.64%. The ex-dividend date was Thursday, January 16th. Foresight Group’s payout ratio is 140.32%.

Insiders Place Their Bets

In related news, insider Gary Fraser purchased 86,635 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of GBX 400 ($5.04) per share, with a total value of £346,540 ($436,778.42). Insiders own 35.32% of the company’s stock.

Foresight Group Company Profile

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.