Insider Buying: NextEnergy Solar Fund Limited (LON:NESF) Insider Acquires 39,000 Shares of Stock

NextEnergy Solar Fund Limited (LON:NESF) insider Caroline Chan purchased 39,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 66 ($0.84) per share, for a total transaction of £25,740 ($32,627.71).

NextEnergy Solar Fund Price Performance

NESF stock traded up GBX 0.10 ($0.00) during mid-day trading on Friday, hitting GBX 66.30 ($0.84). The stock had a trading volume of 1,215,396 shares, compared to its average volume of 1,684,160. The firm has a fifty day simple moving average of GBX 73.78 and a 200 day simple moving average of GBX 77.21. NextEnergy Solar Fund Limited has a 52 week low of GBX 65.70 ($0.83) and a 52 week high of GBX 94.40 ($1.20). The company has a current ratio of 14.49, a quick ratio of 13.96 and a debt-to-equity ratio of 30.98. The firm has a market capitalization of £391.71 million, a P/E ratio of 827.50, a P/E/G ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, November 14th will be issued a dividend of GBX 2.11 ($0.03) per share. This is a positive change from NextEnergy Solar Fund’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 2.91%. NextEnergy Solar Fund’s dividend payout ratio (DPR) is presently 10,000.00%.

NextEnergy Solar Fund Company Profile

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.