Hipgnosis Songs Fund (LON:SONG) Trading Down 0.7%

Hipgnosis Songs Fund Limited (LON:SONG – Get Rating) was down 0.7% during trading on Friday . The company traded as low as GBX 86.90 ($1.09) and last traded at GBX 87 ($1.09). Approximately 1,791,240 shares were traded during trading, a decline of 16% from the average daily volume of 2,130,790 shares. The stock had previously closed at GBX 87.60 ($1.09).

Hipgnosis Songs Fund Trading Down 0.7 %

The firm has a market capitalization of £1.05 billion, a price-to-earnings ratio of -8,700.00 and a beta of 0.24. The company has a debt-to-equity ratio of 39.07, a current ratio of 3.36 and a quick ratio of 2.87. The business’s 50-day moving average price is GBX 84.88 and its 200 day moving average price is GBX 85.35.

Hipgnosis Songs Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, April 28th. Investors of record on Thursday, March 23rd were issued a GBX 1.31 ($0.02) dividend. This represents a yield of 1.56%. The ex-dividend date of this dividend was Thursday, March 23rd. Hipgnosis Songs Fund’s dividend payout ratio is currently -50,000.00%.

Insiders Place Their Bets

In other news, insider Andrew Sutch purchased 960 shares of the stock in a transaction dated Monday, February 13th. The stock was acquired at an average cost of GBX 85 ($1.06) per share, for a total transaction of £816 ($1,019.11). 0.03% of the stock is owned by company insiders.

About Hipgnosis Songs Fund

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Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited. The fund invests in songs and associated musical intellectual property rights, including master recordings and producer royalties. Hipgnosis Songs Fund Limited was formed in 2018 and is domiciled in Guernsey.

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