Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 1.2% - Should You Sell?

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) fell 1.2% during mid-day trading on Wednesday . The company traded as low as GBX 49.70 ($0.66) and last traded at GBX 51 ($0.67). 1,049,374 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,609,111 shares. The stock had previously closed at GBX 51.60 ($0.68).

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, March 19th.

Gore Street Energy Storage Fund Price Performance

The business's 50-day moving average price is GBX 51.07 and its 200-day moving average price is GBX 51.50. The firm has a market capitalization of £310.80 million, a PE ratio of -52.11 and a beta of 0.31.

Gore Street Energy Storage Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, March 20th. This represents a yield of 1.92%. Gore Street Energy Storage Fund's dividend payout ratio is presently -691.37%.

Insider Activity

In related news, insider Malcolm Robert King bought 30,000 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average price of GBX 58 ($0.77) per share, with a total value of £17,400 ($23,028.06). Corporate insiders own 5.34% of the company's stock.

Gore Street Energy Storage Fund Company Profile

Launched in 2018, Gore Street Energy Storage Fund plc is London's first listed energy storage fund. The Company is the only UK-listed energy storage fund with a diversified operational portfolio located across four grids. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.