M&G Credit Income Investment (LON:MGCI) Insider Richard Boleat Buys 15,000 Shares of Stock

M&G Credit Income Investment (LON:MGCI) insider Richard Boleat acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of GBX 97 ($1.26) per share, with a total value of £14,550 ($18,893.65).

M&G Credit Income Investment Trading Down 1.8 %

Shares of LON MGCI opened at GBX 96 ($1.25) on Thursday. The company has a market cap of £142.35 million, a P/E ratio of 9.15 and a beta of 0.38. M&G Credit Income Investment has a 12-month low of GBX 89 ($1.16) and a 12-month high of GBX 100 ($1.30). The stock has a fifty day moving average price of GBX 96.17 and a 200 day moving average price of GBX 96.50.

M&G Credit Income Investment (LON:MGCI) last issued its earnings results on Friday, March 28th. The company reported GBX 7.46 ($0.10) EPS for the quarter. M&G Credit Income Investment had a return on equity of 10.78% and a net margin of 88.81%.

M&G Credit Income Investment Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 30th were given a GBX 2.09 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a yield of 2.14%. M&G Credit Income Investment’s dividend payout ratio is presently 76.27%.

About M&G Credit Income Investment

M&G Credit Income Investment Trust plc invests in a portfolio of public and private debt and debt-like instruments. The company was incorporated in 2018 and is based in London, the United Kingdom.