Baillie Gifford European Growth Trust (LON:BGEU) Reaches New 1-Year High – What’s Next?

Baillie Gifford European Growth Trust plc (LON:BGEU)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 101.80 ($1.28) and last traded at GBX 101.80 ($1.28), with a volume of 423325 shares traded. The stock had previously closed at GBX 99.50 ($1.25).

Baillie Gifford European Growth Trust Stock Performance

The company has a 50 day moving average of GBX 89.79 and a two-hundred day moving average of GBX 89.41. The stock has a market capitalization of £351.26 million, a PE ratio of 7.70 and a beta of 1.06.

Baillie Gifford European Growth Trust (LON:BGEU) last issued its quarterly earnings results on Tuesday, November 26th. The company reported GBX 0.72 ($0.01) earnings per share for the quarter. Baillie Gifford European Growth Trust had a return on equity of 12.17% and a net margin of 96.85%.

Baillie Gifford European Growth Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 0.60 ($0.01) per share. This is a positive change from Baillie Gifford European Growth Trust’s previous dividend of $0.40. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 0.71%. Baillie Gifford European Growth Trust’s dividend payout ratio is presently 7.58%.

Insider Transactions at Baillie Gifford European Growth Trust

In other news, insider David Barron acquired 20,600 shares of Baillie Gifford European Growth Trust stock in a transaction dated Monday, December 9th. The stock was purchased at an average cost of GBX 87 ($1.09) per share, for a total transaction of £17,922 ($22,551.91). Also, insider Andrew Watkins bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of GBX 85 ($1.07) per share, with a total value of £8,500 ($10,695.86). Insiders own 6.90% of the company’s stock.

Baillie Gifford European Growth Trust Company Profile

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.