Baillie Gifford European Growth Trust (LON:BGEU) Reaches New 12-Month High – Should You Buy?

Baillie Gifford European Growth Trust plc (LON:BGEU)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 101.80 ($1.28) and last traded at GBX 101.80 ($1.28), with a volume of 423325 shares traded. The stock had previously closed at GBX 99.50 ($1.25).

Baillie Gifford European Growth Trust Stock Performance

The firm has a market cap of £351.26 million, a price-to-earnings ratio of 7.70 and a beta of 1.06. The business’s 50 day moving average price is GBX 89.79 and its 200 day moving average price is GBX 89.41.

Baillie Gifford European Growth Trust (LON:BGEU) last announced its quarterly earnings results on Tuesday, November 26th. The company reported GBX 0.72 ($0.01) earnings per share (EPS) for the quarter. Baillie Gifford European Growth Trust had a net margin of 96.85% and a return on equity of 12.17%.

Baillie Gifford European Growth Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 9th were given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date of this dividend was Thursday, January 9th. This is a boost from Baillie Gifford European Growth Trust’s previous dividend of $0.40. This represents a dividend yield of 0.71%. Baillie Gifford European Growth Trust’s dividend payout ratio (DPR) is 7.58%.

Insider Activity at Baillie Gifford European Growth Trust

In related news, insider David Barron acquired 20,600 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of GBX 87 ($1.09) per share, with a total value of £17,922 ($22,551.91). Also, insider Andrew Watkins bought 10,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of GBX 85 ($1.07) per share, for a total transaction of £8,500 ($10,695.86). 6.90% of the stock is owned by company insiders.

About Baillie Gifford European Growth Trust

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.