BlackRock Greater Europe (LON:BRGE) Shares Down 1.1% – Time to Sell?

BlackRock Greater Europe (LON:BRGE) shares fell 1.1% during mid-day trading on Wednesday . The stock traded as low as GBX 535 ($6.78) and last traded at GBX 540 ($6.85). 284,559 shares changed hands during trading, an increase of 98% from the average session volume of 143,608 shares. The stock had previously closed at GBX 546 ($6.92).

BlackRock Greater Europe Trading Down 1.1 %

The business’s fifty day simple moving average is GBX 566.25 and its 200 day simple moving average is GBX 594.75. The company has a debt-to-equity ratio of 8.38, a current ratio of 0.16 and a quick ratio of 2.71. The stock has a market cap of £534.01 million, a price-to-earnings ratio of 469.57 and a beta of 1.01.

BlackRock Greater Europe Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.95%. This is a positive change from BlackRock Greater Europe’s previous dividend of $1.75. BlackRock Greater Europe’s payout ratio is currently 608.70%.

Insiders Place Their Bets

In related news, insider Sapna Shah acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 2nd. The shares were acquired at an average cost of GBX 599 ($7.59) per share, for a total transaction of £23,960 ($30,375.25). 3.42% of the stock is owned by corporate insiders.

About BlackRock Greater Europe

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.