Foresight Group (LON:FSG) Reaches New 52-Week Low - Here's Why

Shares of Foresight Group Holdings Limited (LON:FSG - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 341 ($4.40) and last traded at GBX 348.50 ($4.49), with a volume of 74837 shares. The stock had previously closed at GBX 348.50 ($4.49).

Foresight Group Trading Down 2.4 %

The stock's 50-day moving average is GBX 376.89 and its two-hundred day moving average is GBX 418.89. The company has a market capitalization of £354.27 million, a PE ratio of 13.94 and a beta of 0.44.

Foresight Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a GBX 7.40 ($0.10) dividend. This represents a yield of 1.64%. The ex-dividend date of this dividend was Thursday, January 16th. Foresight Group's dividend payout ratio (DPR) is presently 140.32%.

Insider Transactions at Foresight Group

In other news, insider Gary Fraser acquired 13,000 shares of Foresight Group stock in a transaction on Friday, March 14th. The shares were bought at an average cost of GBX 359 ($4.63) per share, for a total transaction of £46,670 ($60,157.26). Also, insider Geoffrey Gavey acquired 13,369 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of GBX 374 ($4.82) per share, with a total value of £50,000.06 ($64,449.68). Over the last ninety days, insiders have purchased 113,004 shares of company stock worth $44,321,006. Insiders own 35.32% of the company's stock.

About Foresight Group

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia. With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.