Scottish American Investment (LON:SAIN) Stock Price Down 1.4% – What’s Next?

The Scottish American Investment Company P.L.C. (LON:SAIN)’s share price fell 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 493 ($6.20) and last traded at GBX 495 ($6.22). 497,347 shares traded hands during mid-day trading, an increase of 82% from the average session volume of 273,373 shares. The stock had previously closed at GBX 502 ($6.31).

Scottish American Investment Price Performance

The company has a current ratio of 4.03, a quick ratio of 3.87 and a debt-to-equity ratio of 9.75. The company has a fifty day moving average price of GBX 508.62 and a two-hundred day moving average price of GBX 510.29. The firm has a market cap of £884.47 million, a P/E ratio of 992.00 and a beta of 0.65.

Scottish American Investment Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 14th were given a dividend of GBX 3.70 ($0.05) per share. This is an increase from Scottish American Investment’s previous dividend of $3.55. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 0.73%. Scottish American Investment’s dividend payout ratio is currently 2,800.00%.

Insider Buying and Selling

In other news, insider Nicholas Macpherson GCB bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of GBX 492 ($6.18) per share, with a total value of £24,600 ($30,916.17). 1.07% of the stock is currently owned by company insiders.

About Scottish American Investment

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.