Hipgnosis Songs Fund (LON:SONG) Trading Down 0.2%

Hipgnosis Songs Fund Limited (LON:SONGGet Rating)’s stock price fell 0.2% during trading on Thursday . The company traded as low as GBX 111 ($1.36) and last traded at GBX 112.20 ($1.37). 3,523,821 shares were traded during mid-day trading, an increase of 42% from the average session volume of 2,476,402 shares. The stock had previously closed at GBX 112.40 ($1.38).

The firm has a market cap of £1.36 billion and a PE ratio of 18,700.00. The company has a debt-to-equity ratio of 36.28, a current ratio of 8.39 and a quick ratio of 8.39. The stock has a 50-day moving average price of GBX 114.77 and a 200 day moving average price of GBX 117.51.

The firm also recently disclosed a dividend, which was paid on Wednesday, June 15th. Stockholders of record on Thursday, May 19th were given a GBX 1.31 ($0.02) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 19th. Hipgnosis Songs Fund’s dividend payout ratio is currently 1,191.83%.

In other Hipgnosis Songs Fund news, insider Andrew Sutch acquired 660 shares of the stock in a transaction dated Tuesday, April 12th. The stock was acquired at an average price of GBX 119 ($1.46) per share, with a total value of £785.40 ($962.03).

Hipgnosis Songs Fund Company Profile (LON:SONG)

Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited. The fund invests in songs and associated musical intellectual property rights, including master recordings and producer royalties. Hipgnosis Songs Fund Limited was formed in 2018 and is domiciled in Guernsey.

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