Lindsell Train Investment Trust (LON:LTI) Shares Pass Below 50-Day Moving Average of $823.47

Lindsell Train Investment Trust Plc (LON:LTI)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 823.47 ($10.65) and traded as low as GBX 803.90 ($10.40). Lindsell Train Investment Trust shares last traded at GBX 813 ($10.51), with a volume of 130 shares changing hands.

Lindsell Train Investment Trust Stock Down 0.6 %

The firm has a 50 day moving average of GBX 823.47 and a 200 day moving average of GBX 820.45. The firm has a market cap of £1.63 million, a PE ratio of -88.85 and a beta of 0.55.

Lindsell Train Investment Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 5,150 ($66.61) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 6.09%. Lindsell Train Investment Trust’s payout ratio is -56,284.15%.

Insider Activity at Lindsell Train Investment Trust

In other Lindsell Train Investment Trust news, insider Michael Lindsell acquired 50 shares of the company’s stock in a transaction on Monday, July 8th. The shares were acquired at an average cost of £823.60 ($1,065.18) per share, with a total value of £41,180 ($53,259.18). 37.12% of the stock is currently owned by company insiders.

Lindsell Train Investment Trust Company Profile

Lindsell Train Investment Trust Plc is an closed-ended balanced mutual fund of funds launched and managed by Lindsell Train Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, unquoted equities, bonds, other Lindsell Train managed fund products, cash, and other financial investments.