RIT Capital Partners (LON:RCP) Hits New 52-Week High on Insider Buying Activity

Posted by Stacy Sanders on May 9th, 2024

RIT Capital Partners (LON:RCP – Get Free Report)’s share price hit a new 52-week high on Tuesday following insider buying activity. The company traded as high as GBX 2,030 ($25.50) and last traded at GBX 2,023.06 ($25.42), with a volume of 926745 shares changing hands. The stock had previously closed at GBX 2,000 ($25.13).

Specifically, insider Cecilia McAnulty purchased 5,077 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of GBX 1,969 ($24.74) per share, with a total value of £99,966.13 ($125,585.59). In related news, insider Vikas Karlekar acquired 991 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of GBX 2,005 ($25.19) per share, for a total transaction of £19,869.55 ($24,961.75). Also, insider Cecilia McAnulty bought 5,077 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average cost of GBX 1,969 ($24.74) per share, with a total value of £99,966.13 ($125,585.59). 40.06% of the stock is currently owned by corporate insiders.

RIT Capital Partners Stock Performance

The business’s 50-day simple moving average is GBX 1,813.32 and its two-hundred day simple moving average is GBX 1,812.99. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 10.62. The firm has a market cap of £2.91 billion, a price-to-earnings ratio of -1,340.14 and a beta of 0.45.

RIT Capital Partners Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, April 4th were given a dividend of GBX 19.50 ($0.24) per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.1%. This is an increase from RIT Capital Partners’s previous dividend of $19.00. RIT Capital Partners’s dividend payout ratio is currently -2,585.03%.

RIT Capital Partners Company Profile

(Get Free Report)

RIT Capital Partners plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling).