Baillie Gifford European Growth Trust (LON:BGEU) Trading Down 1.3% – Here’s What Happened

Baillie Gifford European Growth Trust plc (LON:BGEU) shares were down 1.3% during mid-day trading on Monday . The stock traded as low as GBX 85.20 ($1.04) and last traded at GBX 85.50 ($1.05). Approximately 308,060 shares changed hands during trading, a decline of 46% from the average daily volume of 572,806 shares. The stock had previously closed at GBX 86.60 ($1.06).

Baillie Gifford European Growth Trust Trading Down 1.3 %

The firm has a market cap of £302.16 million, a P/E ratio of 1,221.43 and a beta of 1.06. The company has a current ratio of 4.16, a quick ratio of 4.20 and a debt-to-equity ratio of 12.89. The business’s 50-day moving average is GBX 85.86 and its two-hundred day moving average is GBX 89.79.

Baillie Gifford European Growth Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Baillie Gifford European Growth Trust’s previous dividend of $0.40. This represents a dividend yield of 0.71%. Baillie Gifford European Growth Trust’s dividend payout ratio (DPR) is 1,428.57%.

Insider Activity at Baillie Gifford European Growth Trust

In related news, insider Andrew Watkins acquired 10,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of GBX 85 ($1.04) per share, with a total value of £8,500 ($10,401.37). Also, insider David Barron acquired 20,600 shares of Baillie Gifford European Growth Trust stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of GBX 87 ($1.06) per share, with a total value of £17,922 ($21,930.98). Company insiders own 6.90% of the company’s stock.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.