Bluefield Solar Income Fund (LON:BSIF) Reaches New 12-Month Low – Should You Sell?

Bluefield Solar Income Fund (LON:BSIF)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 95 ($1.20) and last traded at GBX 95 ($1.20), with a volume of 1085145 shares traded. The stock had previously closed at GBX 97.10 ($1.23).

Bluefield Solar Income Fund Stock Performance

The firm’s 50-day simple moving average is GBX 104.44 and its 200 day simple moving average is GBX 106.14. The stock has a market capitalization of £576.30 million, a P/E ratio of 323.33 and a beta of 0.14.

Bluefield Solar Income Fund Dividend Announcement

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

Insider Activity

In other Bluefield Solar Income Fund news, insider Glen Suarez purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of GBX 98 ($1.24) per share, with a total value of £9,800 ($12,400.35). Insiders own 5.42% of the company’s stock.

Bluefield Solar Income Fund Company Profile

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.