Bluefield Solar Income Fund (LON:BSIF) Reaches New 12-Month Low – Here’s What Happened

Bluefield Solar Income Fund (LON:BSIF)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 94 ($1.18) and last traded at GBX 94.52 ($1.19), with a volume of 485717 shares changing hands. The stock had previously closed at GBX 94.60 ($1.19).

Bluefield Solar Income Fund Price Performance

The firm has a market cap of £571.56 million, a price-to-earnings ratio of 315.33 and a beta of 0.14. The company’s 50 day simple moving average is GBX 103.84 and its 200 day simple moving average is GBX 105.91.

Bluefield Solar Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were given a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 2%. The ex-dividend date was Thursday, October 10th. Bluefield Solar Income Fund’s dividend payout ratio is presently 3,000.00%.

Insider Activity

In other news, insider Glen Suarez acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 98 ($1.23) per share, with a total value of £9,800 ($12,319.30). Company insiders own 5.42% of the company’s stock.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.