Bluefield Solar Income Fund (LON:BSIF) Hits New 52-Week Low – Here’s What Happened

Bluefield Solar Income Fund (LON:BSIF) hit a new 52-week low on Tuesday . The company traded as low as GBX 93.40 ($1.17) and last traded at GBX 93.40 ($1.17), with a volume of 647110 shares traded. The stock had previously closed at GBX 94.50 ($1.18).

Bluefield Solar Income Fund Price Performance

The stock has a market capitalization of £553.32 million, a P/E ratio of 305.00 and a beta of 0.14. The stock’s 50-day simple moving average is GBX 99.99 and its 200 day simple moving average is GBX 104.75.

Bluefield Solar Income Fund Dividend Announcement

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

Insiders Place Their Bets

In other Bluefield Solar Income Fund news, insider Glen Suarez acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of GBX 98 ($1.22) per share, for a total transaction of £9,800 ($12,248.47). 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.