F&C Investment Trust (LON:FCIT) Achieves New 12-Month High - Should You Invest?

F&C Investment Trust (LON:FCIT) reached a new 52-week high during trading on Wednesday, where it climbed to GBX 1,150 ($14.04). The stock maintained this level, last trading at GBX 1,150 ($14.04) with a trading volume of 320,052 shares. For reference, it had closed at GBX 1,132 ($13.82) the day before.

F&C Investment Trust Sees a 1.6% Increase

The trust now boasts a market capitalization of £5.64 billion and has a P/E ratio of 598.96. The stock has a beta of 0.62, indicating its lower volatility compared to the broader market. The 50-day moving average for the stock is GBX 1,119.88, while the 200-day moving average stands at GBX 1,062.42. Additionally, the trust has a relatively high debt-to-equity ratio of 10.50, with a quick ratio of 3.92 and a current ratio of 2.81.

Upcoming Dividend Announcement

Recently, F&C Investment Trust declared a dividend set to be paid on Monday, February 3rd. Shareholders of record as of Thursday, January 2nd, will receive a dividend of GBX 3.60 ($0.04) per share, amounting to a dividend yield of 0.34%. Note that the ex-dividend date for this payment is also on Thursday, January 2nd. The dividend payout ratio (DPR) stands at an unusually high 781.25%.

Recent Insider Transactions

In related news, insider Beatrice Hollond purchased 90 shares on Friday, November 8th, at an average price of GBX 1,094 ($13.36) per share, totaling £984.60 ($1,202.05). In the last quarter, insiders have collectively bought 185 shares worth $206,436. Insiders currently hold 0.76% of the company’s shares.

About F&C Investment Trust

Established in 1868, F&C Investment Trust is notable for being the oldest collective investment scheme in the world. It has built a strong reputation over time and is regarded as one of the largest investment trusts. The primary objective of the trust is to generate long-term growth and income through investments in an international portfolio of publicly listed equities.

Should You Consider Investing in F&C Investment Trust?

If you are contemplating an investment in F&C Investment Trust, it's important to do thorough research. Currently, analysts have rated the trust as a "Hold." However, there are other stocks recommended by market experts. It is advisable to compare various options before making a decision.

Investment, Stocks, Dividends