Bluefield Solar Income Fund (LON:BSIF) Hits New 52-Week Low - Here's What Happened

Bluefield Solar Income Fund (LON:BSIF - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 91.40 ($1.15) and last traded at GBX 92.27 ($1.16), with a volume of 5914138 shares. The stock had previously closed at GBX 92.70 ($1.16).

Bluefield Solar Income Fund Price Performance

The stock has a market capitalization of £558.76 million, a PE ratio of 308.00 and a beta of 0.14. The stock's fifty day moving average is GBX 99.44 and its 200-day moving average is GBX 104.56.

Bluefield Solar Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were paid a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Thursday, October 10th. Bluefield Solar Income Fund's payout ratio is currently 3,000.00%.

Insider Activity at Bluefield Solar Income Fund

In related news, insider Glen Suarez acquired 10,000 shares of Bluefield Solar Income Fund stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of GBX 98 ($1.23) per share, for a total transaction of £9,800 ($12,285.32). 5.42% of the stock is owned by company insiders.

Bluefield Solar Income Fund Company Profile

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.