Baillie Gifford European Growth Trust (LON:BGEU) Shares Down 1.3% – Here’s What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU) fell 1.3% during trading on Monday . The company traded as low as GBX 85.20 ($1.04) and last traded at GBX 85.50 ($1.05). 308,060 shares traded hands during trading, a decline of 46% from the average session volume of 572,806 shares. The stock had previously closed at GBX 86.60 ($1.06).

Baillie Gifford European Growth Trust Price Performance

The firm has a market cap of £302.16 million, a P/E ratio of 1,221.43 and a beta of 1.06. The company has a current ratio of 4.16, a quick ratio of 4.20 and a debt-to-equity ratio of 12.89. The company has a fifty day moving average price of GBX 85.86 and a two-hundred day moving average price of GBX 89.79.

Baillie Gifford European Growth Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 9th will be paid a GBX 0.60 ($0.01) dividend. This is a boost from Baillie Gifford European Growth Trust’s previous dividend of $0.40. The ex-dividend date is Thursday, January 9th. This represents a yield of 0.71%. Baillie Gifford European Growth Trust’s payout ratio is presently 1,428.57%.

Insiders Place Their Bets

In other news, insider Andrew Watkins bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of GBX 85 ($1.04) per share, with a total value of £8,500 ($10,401.37). Also, insider David Barron acquired 20,600 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of GBX 87 ($1.06) per share, for a total transaction of £17,922 ($21,930.98). Insiders own 6.90% of the company’s stock.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.