Scottish American Investment (LON:SAIN) Shares Down 1.4% – Here’s Why

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

Scottish American Investment Stock Performance

The company has a debt-to-equity ratio of 9.75, a quick ratio of 3.87 and a current ratio of 4.03. The company has a market capitalization of £884.47 million, a P/E ratio of 992.00 and a beta of 0.65. The stock’s fifty day moving average price is GBX 508.62 and its 200-day moving average price is GBX 510.29.

Scottish American Investment Increases Dividend

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

Insider Buying and Selling

In related news, insider Nicholas Macpherson GCB purchased 5,000 shares of the firm’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, for a total transaction of £24,600 ($30,916.17). 1.07% of the stock is owned by insiders.

Scottish American Investment Company Profile

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.