Gulf Investment Fund (LON:GIF) Stock Price Up 1.7%

Gulf Investment Fund plc (LON:GIF)’s stock price traded up 1.7% on Tuesday . The company traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.35 ($0.03). 22,496 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 12,357 shares. The stock had previously closed at GBX 2.31 ($0.03).

Gulf Investment Fund Stock Performance

The company has a market cap of £975,250.00 and a P/E ratio of 5.88. The stock has a 50-day moving average of GBX 2.48 and a two-hundred day moving average of GBX 2.25.

Gulf Investment Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 15th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 1.75%. Gulf Investment Fund’s payout ratio is 2,000.00%.

Insider Activity

In other Gulf Investment Fund news, insider Patrick Grant bought 26,178 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of GBX 191 ($2.36) per share, for a total transaction of £49,999.98 ($61,758.87). 0.47% of the stock is owned by corporate insiders.

Gulf Investment Fund Company Profile

Qatar Investment Fund plc is a close-ended equity mutual fund launched and managed by Epicure Managers Qatar Limited. The fund is co-managed by Qatar Insurance Company SAQ. It invests in public equity markets of Qatar. The fund benchmarks the performance of its portfolio against Qatar Exchange Index.