Scully Royalty (NYSE:SRL) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Scully Royalty Ltd. (NYSE:SRL) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.76 and traded as low as $7.43. Scully Royalty shares last traded at $7.85, with a volume of 748 shares trading hands.

Scully Royalty Stock Down 0.3 %

The firm has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $7.76.

Scully Royalty Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 24th will be paid a $0.26 dividend. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC acquired a new stake in Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned approximately 0.15% of Scully Royalty at the end of the most recent reporting period. Institutional investors own 41.96% of the company’s stock.

About Scully Royalty

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.