Strategic Equity Capital (LON:SEC) Stock Price Down 0.9% - Here's Why

Strategic Equity Capital (LON:SEC - Get Free Report) shares fell 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 325 ($4.15) and last traded at GBX 327 ($4.17). 39,240 shares traded hands during trading, a decline of 58% from the average session volume of 94,357 shares. The stock had previously closed at GBX 330 ($4.21).

Strategic Equity Capital Price Performance

The business has a 50 day simple moving average of GBX 330.14 and a 200 day simple moving average of GBX 352.48. The stock has a market cap of £154.29 million, a PE ratio of 623.08 and a beta of 0.73.

Strategic Equity Capital Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 10th were paid a GBX 3.50 ($0.04) dividend. This is a boost from Strategic Equity Capital's previous dividend of $2.50. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1%. Strategic Equity Capital's payout ratio is presently 576.92%.

Insiders Place Their Bets

In other news, insider Howard Williams acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of GBX 321 ($4.09) per share, with a total value of £32,100 ($40,949.10). Insiders own 5.95% of the company's stock.

About Strategic Equity Capital

Strategic Equity Capital plc is a closed-ended equity mutual fund launched and managed by GVO Investment Management Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than GBP 150 million.