Bluefield Solar Income Fund (LON:BSIF) Sets New 52-Week Low – What’s Next?

Shares of Bluefield Solar Income Fund (LON:BSIF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 91.40 ($1.15) and last traded at GBX 92.27 ($1.16), with a volume of 5914138 shares. The stock had previously closed at GBX 92.70 ($1.17).

Bluefield Solar Income Fund Stock Down 0.5 %

The stock’s 50-day moving average price is GBX 99.44 and its 200-day moving average price is GBX 104.57. The company has a market capitalization of £557.94 million, a price-to-earnings ratio of 307.55 and a beta of 0.14.

Bluefield Solar Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were given a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a yield of 2%. Bluefield Solar Income Fund’s payout ratio is 3,000.00%.

Insider Activity

In other Bluefield Solar Income Fund news, insider Glen Suarez purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of GBX 98 ($1.23) per share, with a total value of £9,800 ($12,317.75). 5.42% of the stock is currently owned by insiders.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.