Baillie Gifford European Growth Trust (LON:BGEU) Stock Price Down 1.3% - Here's What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU - Get Free Report) fell 1.3% during trading on Monday . The stock traded as low as GBX 85.20 ($1.04) and last traded at GBX 85.50 ($1.05). 308,060 shares changed hands during mid-day 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 Trading Up 0.8 %

The company has a debt-to-equity ratio of 12.89, a current ratio of 4.16 and a quick ratio of 4.20. The stock has a market cap of £304.63 million, a P/E ratio of 1,231.43 and a beta of 1.06. The firm's fifty day moving average price is GBX 85.86 and its two-hundred day moving average price is GBX 89.79.

Baillie Gifford European Growth Trust Increases Dividend

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

Insider Activity

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

Baillie Gifford European Growth Trust Company Profile

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.