Hipgnosis Songs Fund Ltd (LON:SONG) was down 0.5% during mid-day trading on Wednesday . The company traded as low as GBX 109 ($1.43) and last traded at GBX 109.50 ($1.44), approximately 782,096 shares changed hands during trading. The stock had previously closed at GBX 110 ($1.45).
Separately, Liberum Capital started coverage on Hipgnosis Songs Fund in a research note on Thursday, October 17th. They set a “buy” rating and a GBX 116 ($1.53) target price for the company.
The company has a market capitalization of $426.50 million and a P/E ratio of 78.24. The firm’s 50 day moving average price is GBX 106.83 and its two-hundred day moving average price is GBX 106.52. The company has a current ratio of 3.05, a quick ratio of 2.95 and a debt-to-equity ratio of 3.53.
The firm also recently declared a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 1.15%. Hipgnosis Songs Fund’s dividend payout ratio is currently 3.57%.
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