Jefferies Group assumed coverage on shares of Funding Circle SME Income Fund Ltd (LON:FCIF) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

Shares of Funding Circle SME Income Fund (LON:FCIF) opened at 102.00 on Wednesday. The stock has a 50 day moving average price of GBX 0.99 and a 200-day moving average price of GBX 0.98. Funding Circle SME Income Fund has a 1-year low of GBX 86.50 and a 1-year high of GBX 104.50.

The firm also recently declared a dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 1.63 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This is a boost from Funding Circle SME Income Fund’s previous dividend of $1.00. This represents a yield of 1.59%.

In other Funding Circle SME Income Fund news, insider Hervouet,Frederic purchased 102,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were acquired at an average cost of GBX 98 ($1.28) per share, with a total value of £99,960 ($130,479.05).

Funding Circle SME Income Fund Company Profile

Funding Circle SME Income Fund Limited is a United Kingdom-based closed-ended fund. The Fund’s investment objective is to provide shareholders with a level of dividend income, primarily by way of investment in credit assets, both directly through the marketplaces and indirectly. The Fund holds credit assets through maturity.

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