BlackRock Greater Europe (LON:BRGE) Trading Up 1.1%

BlackRock Greater Europe (LON:BRGE) shares traded up 1.1% during trading on Wednesday . The company traded as high as GBX 630 ($8.07) and last traded at GBX 629 ($8.06). 116,369 shares changed hands during trading, a decline of 4% from the average session volume of 121,827 shares. The stock had previously closed at GBX 622 ($7.97).

BlackRock Greater Europe Stock Up 1.1 %

The business’s fifty day simple moving average is GBX 625.60 and its 200 day simple moving average is GBX 594.18. The company has a current ratio of 0.12, a quick ratio of 2.71 and a debt-to-equity ratio of 0.04. The stock has a market cap of £631.96 million, a price-to-earnings ratio of 691.21 and a beta of 1.02.

BlackRock Greater Europe Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 23rd will be issued a dividend of GBX 1.75 ($0.02) per share. This represents a yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 23rd. BlackRock Greater Europe’s dividend payout ratio is presently 769.23%.

Insiders Place Their Bets

In other BlackRock Greater Europe news, insider Paola Subacchi bought 391 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of GBX 610 ($7.82) per share, with a total value of £2,385.10 ($3,055.86). Company insiders own 9.84% of the company’s stock.

BlackRock Greater Europe Company Profile

BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.