Scottish American Investment (LON:SAIN) Shares Down 0.1% – Here’s What Happened

The Scottish American Investment Company P.L.C. (LON:SAIN) fell 0.1% during mid-day trading on Friday . The stock traded as low as GBX 493.50 ($6.03) and last traded at GBX 494.32 ($6.04). 4,532,082 shares traded hands during mid-day trading, an increase of 341% from the average session volume of 1,026,900 shares. The stock had previously closed at GBX 495 ($6.04).

Scottish American Investment Stock Down 0.1 %

The company’s fifty day simple moving average is GBX 504.55 and its 200-day simple moving average is GBX 508.75. The firm has a market capitalization of £881.47 million, a PE ratio of 988.64 and a beta of 0.65. The company has a debt-to-equity ratio of 9.75, a current ratio of 4.03 and a quick ratio of 3.87.

Scottish American Investment Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 14th were paid a dividend of GBX 3.70 ($0.05) per share. This represents a yield of 0.73%. This is an increase from Scottish American Investment’s previous dividend of $3.55. The ex-dividend date of this dividend was Thursday, November 14th. Scottish American Investment’s payout ratio is 2,800.00%.

Insider Buying and Selling at Scottish American Investment

In related news, insider Nicholas Macpherson GCB acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of GBX 492 ($6.01) per share, for a total transaction of £24,600 ($30,036.63). 1.07% of the stock is currently owned by company insiders.

Scottish American Investment Company Profile

The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types.