New Star Investment Trust (LON:NSI) Stock Price Up 3.3% – Still a Buy?

New Star Investment Trust plc (LON:NSI) shares were up 3.3% during trading on Monday . The stock traded as high as GBX 113.60 ($1.41) and last traded at GBX 113.60 ($1.41). Approximately 15,528 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 14,852 shares. The stock had previously closed at GBX 110 ($1.37).

New Star Investment Trust Stock Performance

The business’s 50 day moving average price is GBX 108.14 and its two-hundred day moving average price is GBX 109.08. The company has a market capitalization of £74.57 million, a price-to-earnings ratio of 2,100.00 and a beta of 0.30.

New Star Investment Trust (LON:NSI) last issued its earnings results on Thursday, October 31st. The company reported GBX 4.05 ($0.05) EPS for the quarter. New Star Investment Trust had a return on equity of 2.60% and a net margin of 68.60%.

New Star Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a GBX 1.70 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.61%. New Star Investment Trust’s dividend payout ratio (DPR) is currently 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.