New Star Investment Trust (LON:NSI) Stock Price Down 3.8% – Here’s What Happened

New Star Investment Trust plc (LON:NSI)’s stock price fell 3.8% during trading on Thursday . The company traded as low as GBX 100 ($1.25) and last traded at GBX 100 ($1.25). 14,504 shares were traded during mid-day trading, an increase of 12% from the average session volume of 12,937 shares. The stock had previously closed at GBX 104 ($1.30).

New Star Investment Trust Stock Down 3.8 %

The company has a market capitalization of £71.02 million, a PE ratio of 2,000.00 and a beta of 0.30. The firm’s 50-day moving average is GBX 106.48 and its 200-day moving average is GBX 112.88.

New Star Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, November 14th. New Star Investment Trust’s dividend payout ratio (DPR) is 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.