New Star Investment Trust (LON:NSI) Shares Down 0.5% – What’s Next?

New Star Investment Trust plc (LON:NSI)’s share price dropped 0.5% during mid-day trading on Friday . The stock traded as low as GBX 107.01 ($1.33) and last traded at GBX 107.01 ($1.33). Approximately 14,011 shares changed hands during trading, an increase of 30% from the average daily volume of 10,755 shares. The stock had previously closed at GBX 107.50 ($1.34).

New Star Investment Trust Stock Down 0.5 %

The stock has a fifty day simple moving average of GBX 107.05 and a 200-day simple moving average of GBX 111.34. The company has a market capitalization of £76.00 million, a P/E ratio of 2,140.20 and a beta of 0.30.

New Star Investment Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were given a GBX 1.70 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.61%. New Star Investment Trust’s dividend payout ratio (DPR) is presently 6,000.00%.

About New Star Investment Trust

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.