New Star Investment Trust (LON:NSI) Shares Down 3.8% – Here’s What Happened

New Star Investment Trust plc (LON:NSI) shares traded down 3.8% on Thursday . The company traded as low as GBX 100 ($1.26) and last traded at GBX 100 ($1.26). 14,504 shares changed hands during trading, an increase of 12% from the average session volume of 12,937 shares. The stock had previously closed at GBX 104 ($1.31).

New Star Investment Trust Stock Down 3.8 %

The stock has a market cap of £71.02 million, a P/E ratio of 2,000.00 and a beta of 0.30. The company’s 50 day moving average price is GBX 106.77 and its two-hundred day moving average price is GBX 113.06.

New Star Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.61%. New Star Investment Trust’s dividend payout ratio is currently 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.