Taylor Maritime Investments (LON:TMIP) Shares Down 3.1% – Time to Sell?

Shares of Taylor Maritime Investments Limited (LON:TMIP) traded down 3.1% during mid-day trading on Thursday . The company traded as low as GBX 59.60 ($0.77) and last traded at GBX 59.60 ($0.77). 51,318 shares traded hands during trading, a decline of 68% from the average session volume of 158,155 shares. The stock had previously closed at GBX 61.50 ($0.79).

Taylor Maritime Investments Stock Down 2.7 %

The stock’s 50-day moving average price is GBX 66.16 and its 200-day moving average price is GBX 73.18. The company has a market capitalization of £188.56 million, a price-to-earnings ratio of -4.10 and a beta of 0.54.

Taylor Maritime Investments Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 6th were given a dividend of $0.06 per share. This represents a dividend yield of 6.9%. This is a positive change from Taylor Maritime Investments’s previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, February 6th.

Insider Transactions at Taylor Maritime Investments

In other Taylor Maritime Investments news, insider Edward Buttery purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of GBX 77 ($0.99) per share, with a total value of £9,625 ($12,427.37). Also, insider Rebecca Brosnan purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of GBX 66 ($0.85) per share, with a total value of £33,000 ($42,608.13). 24.57% of the stock is owned by company insiders.

About Taylor Maritime Investments

Taylor Maritime Investments Limited, an investment company, engages in the acquisition, management, and operation of dry bulk ships. It also operates a fleet of Geared Handysize, Supramaxm and Ultramax vessels. The company was founded in 2014 and is based in Saint Peter Port, the United Kingdom.