New Star Investment Trust (LON:NSI) Hits New 52-Week High at $138.00

New Star Investment Trust plc (LON:NSI)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 138 ($1.75) and last traded at GBX 130.50 ($1.65), with a volume of 25806 shares traded. The stock had previously closed at GBX 130 ($1.64).

New Star Investment Trust Stock Performance

The stock’s 50 day simple moving average is GBX 117.64 and its 200-day simple moving average is GBX 116.89. The firm has a market cap of £90.20 million, a price-to-earnings ratio of 2,540.00 and a beta of 0.30.

New Star Investment Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 24 ($0.30) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 20.34%. This is a positive change from New Star Investment Trust’s previous dividend of $1.70. New Star Investment Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.