Foreign & Colonial Investment Trust PLC (FRCL) Hits New 12-Month High After Insider Buying Activity

Foreign & Colonial Investment Trust PLC (LON:FRCL) shares reached a new 52-week high during trading on Wednesday following insider buying activity. The company traded as high as GBX 668 ($9.06) and last traded at GBX 664 ($9.00), with a volume of 173831 shares. The stock had previously closed at GBX 664 ($9.00).

Specifically, insider Jeffrey Hewitt bought 74 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were bought at an average price of GBX 667 ($9.05) per share, for a total transaction of £493.58 ($669.35). Insiders have acquired a total of 105 shares of company stock worth $69,048 in the last quarter.

The stock has a market capitalization of $3,600.00 and a P/E ratio of 5.11.

The firm also recently declared a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 4th will be paid a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from Foreign & Colonial Investment Trust PLC’s previous dividend of $2.50.

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Foreign & Colonial Investment Trust PLC Company Profile

Foreign & Colonial Investment Trust PLC is a United Kingdom-based investment trust company. The Trust’s investment objective is to secure long-term growth in capital and income through a policy of investing in a diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing.

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