UIL (LON:UTL) Trading 8.1% Higher Following Insider Buying Activity

UIL Limited (LON:UTL - Get Free Report) rose 8.1% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 107 ($1.40) and last traded at GBX 106.50 ($1.39). Approximately 48,165 shares traded hands during trading, an increase of 277% from the average daily volume of 12,772 shares. The stock had previously closed at GBX 98.50 ($1.29).

Specifically, insider Stuart J. Bridges purchased 12,449 shares of the business's stock in a transaction dated Thursday, October 10th. The stock was bought at an average cost of GBX 107 ($1.40) per share, for a total transaction of £13,320.43 ($17,432.84).

UIL Stock Down 3.1 %

The firm has a market cap of £86.44 million, a P/E ratio of -368.57 and a beta of 0.82. The stock's 50-day moving average is GBX 100.24 and its 200-day moving average is GBX 103.55.

UIL Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, September 26th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 2.05%. UIL's payout ratio is -2,857.14%.

UIL Company Profile

UIL Limited is a closed-ended equity mutual fund launched and managed by ICM Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure, utility, and related sectors including water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service, rail, roads, and any business with essential service or monopolistic characteristics.