Gulf Investment Fund (LON:GIF) Trading 1.7% Higher

Gulf Investment Fund plc (LON:GIF) traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.35 ($0.03). 22,496 shares changed hands during 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 firm has a market cap of £966,950.00 and a price-to-earnings ratio of 5.75. The company’s 50-day moving average is GBX 2.48 and its 200-day moving average is GBX 2.25.

Gulf Investment Fund Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Patrick Grant purchased 26,178 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of GBX 191 ($2.36) per share, for a total transaction of £49,999.98 ($61,758.87). Insiders own 0.47% of the company’s stock.

About Gulf Investment Fund

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.