BlackRock Greater Europe (LON:BRGE) Trading Down 0.5%

Posted by Michael Baxter on Jun 29th, 2024

BlackRock Greater Europe (LON:BRGE – Get Free Report) fell 0.5% during mid-day trading on Thursday . The company traded as low as GBX 615.25 ($7.80) and last traded at GBX 616 ($7.81). Approximately 247,762 shares were traded during trading, an increase of 98% from the average daily volume of 124,951 shares. The stock had previously closed at GBX 619 ($7.85).

BlackRock Greater Europe Trading Down 0.3 %

The company has a quick ratio of 2.71, a current ratio of 0.12 and a debt-to-equity ratio of 0.04. The firm has a market cap of £616.89 million, a P/E ratio of 674.73 and a beta of 1.02. The firm’s 50-day simple moving average is GBX 623.20 and its 200 day simple moving average is GBX 604.67.

BlackRock Greater Europe Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 19th. Investors of record on Thursday, May 23rd were issued a GBX 1.75 ($0.02) dividend. The ex-dividend date was Thursday, May 23rd. This represents a dividend yield of 0.29%. BlackRock Greater Europe’s dividend payout ratio (DPR) is presently 769.23%.

Insider Buying and Selling at BlackRock Greater Europe

In other news, insider Paola Subacchi bought 391 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of GBX 610 ($7.74) per share, for a total transaction of £2,385.10 ($3,025.62). 9.84% of the stock is owned by corporate insiders.

BlackRock Greater Europe Company Profile

(Get Free Report)

BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.