Taylor Maritime Investments (LON:TMIP) Shares Down 3.1% – Here’s What Happened

Taylor Maritime Investments Limited (LON:TMIP)’s share price traded down 3.1% on Friday . The company traded as low as GBX 56 ($0.73) and last traded at GBX 56 ($0.73). 25,335 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 159,232 shares. The stock had previously closed at GBX 57.80 ($0.76).

Taylor Maritime Investments Trading Down 3.1 %

The firm has a market capitalization of £182.06 million, a price-to-earnings ratio of -3.96 and a beta of 0.54. The stock’s 50 day moving average price is GBX 61.33 and its two-hundred day moving average price is GBX 71.03.

Taylor Maritime Investments Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 6th were issued a $0.06 dividend. This represents a yield of 6.9%. This is a positive change from Taylor Maritime Investments’s previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, February 6th.

Insider Activity

In related news, insider Rebecca Brosnan bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of GBX 66 ($0.86) per share, for a total transaction of £33,000 ($43,193.72). Also, insider Edward Buttery purchased 12,500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of GBX 77 ($1.01) per share, with a total value of £9,625 ($12,598.17). Company insiders own 24.57% of the company’s stock.

About Taylor Maritime Investments

Taylor Maritime Investments Limited, an investment company, engages in the acquisition, management, and operation of dry bulk ships. It also operates a fleet of Geared Handysize, Supramaxm and Ultramax vessels. The company was founded in 2014 and is based in Saint Peter Port, the United Kingdom.