Foresight Group (LON:FSG) Shares Up 1.8% - Still a Buy?

Foresight Group Holdings Limited (LON:FSG - Get Free Report)'s share price shot up 1.8% during mid-day trading on Wednesday . The company traded as high as GBX 364 ($4.88) and last traded at GBX 359.50 ($4.82). 168,884 shares were traded during trading, a decline of 54% from the average session volume of 366,931 shares. The stock had previously closed at GBX 353 ($4.73).

Foresight Group Trading Up 0.7 %

The company has a market cap of £429.62 million, a P/E ratio of 16.91 and a beta of 0.44. The business has a 50 day moving average price of GBX 357.22 and a 200-day moving average price of GBX 397.26.

Foresight Group Cuts Dividend

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

Insider Transactions at Foresight Group

In other news, insider Gary Fraser acquired 13,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of GBX 359 ($4.81) per share, with a total value of £46,670 ($62,593.88). Also, insider Geoffrey Gavey bought 13,369 shares of Foresight Group stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of GBX 374 ($5.02) per share, for a total transaction of £50,000.06 ($67,060.17). Insiders have purchased a total of 113,004 shares of company stock worth $44,321,006 in the last 90 days. Corporate insiders own 35.32% of the company's stock.

Foresight Group Company Profile

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.