Insider Buying: M&G Credit Income Investment (LON:MGCI) Insider Buys 12,000 Shares of Stock

M&G Credit Income Investment (LON:MGCI - Get Free Report) insider Barbara Powley acquired 12,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of GBX 96 ($1.24) per share, for a total transaction of £11,520 ($14,883.72).

M&G Credit Income Investment Stock Performance

Shares of M&G Credit Income Investment stock traded up GBX 1 ($0.01) on Tuesday, reaching GBX 97.80 ($1.26). The stock had a trading volume of 127,321 shares, compared to its average volume of 316,853. M&G Credit Income Investment has a fifty-two week low of GBX 89 ($1.15) and a fifty-two week high of GBX 100 ($1.29). The business's 50-day moving average price is GBX 96.21 and its two-hundred day moving average price is GBX 96.50. The stock has a market cap of £145.02 million, a P/E ratio of 9.32 and a beta of 0.38.

M&G Credit Income Investment (LON:MGCI - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The company reported GBX 7.46 ($0.10) earnings per share (EPS) for the quarter. M&G Credit Income Investment had a net margin of 88.81% and a return on equity of 10.78%.

M&G Credit Income Investment Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 30th were issued a GBX 2.09 ($0.03) dividend. This represents a yield of 2.14%. The ex-dividend date of this dividend was Thursday, January 30th. M&G Credit Income Investment's dividend payout ratio (DPR) is currently 76.27%.

M&G Credit Income Investment Company Profile

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.