City of London Investment Group PLC (LON:CLIG) insider Barry M. Olliff sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of GBX 400 ($4.95), for a total value of £200,000 ($247,524.75).

City of London Investment Group PLC (LON:CLIG) opened at 382.00 on Friday. The firm’s 50-day moving average price is GBX 379.29 and its 200 day moving average price is GBX 331.05. City of London Investment Group PLC has a 52-week low of GBX 265.00 and a 52-week high of GBX 414.00. The firm’s market cap is GBX 95.67 million.

The business also recently declared a dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 13th will be given a dividend of GBX 16 ($0.20) per share. This is a boost from City of London Investment Group PLC’s previous dividend of $8.00. The ex-dividend date is Thursday, October 13th. This represents a dividend yield of 5.08%.

Several equities analysts have issued reports on CLIG shares. N+1 Singer reiterated an “under review” rating on shares of City of London Investment Group PLC in a research report on Monday, September 12th. Peel Hunt reiterated a “neutral” rating and set a GBX 403 ($4.99) target price on shares of City of London Investment Group PLC in a research report on Monday, September 26th.

About City of London Investment Group PLC

City of London Investment Group PLC is a United Kingdom-based holding company. The Company is an asset management company, which focuses on closed-end fund investment. The Company’s objective is to provide above average, long-term outperformance versus the appropriate funds’ market benchmark. The Company offers developed, frontier and tactical asset allocation closed-end fund strategies, as well as products, which offer natural resources exposure directly through equities.

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