Lindsell Train Investment Trust (LON:LTI) Sets New 1-Year High – Here’s What Happened

Lindsell Train Investment Trust Plc (LON:LTI) hit a new 52-week high on Wednesday . The stock traded as high as GBX 890 ($11.24) and last traded at GBX 877.54 ($11.09), with a volume of 567 shares changing hands. The stock had previously closed at GBX 862 ($10.89).

Lindsell Train Investment Trust Trading Down 0.5 %

The firm has a market capitalization of £175.80 million, a price-to-earnings ratio of 22.79 and a beta of 0.56. The company’s 50 day moving average is GBX 819.93 and its 200-day moving average is GBX 779.47.

Lindsell Train Investment Trust (LON:LTI) last issued its earnings results on Tuesday, December 3rd. The company reported GBX 2,484 ($31.38) earnings per share (EPS) for the quarter. Lindsell Train Investment Trust had a net margin of 82.49% and a return on equity of 3.89%.

Insider Activity at Lindsell Train Investment Trust

In other news, insider Michael Lindsell bought 50 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of £738 ($932.41) per share, for a total transaction of £36,900 ($46,620.34). In the last ninety days, insiders bought 340 shares of company stock worth $27,414,885. Insiders own 48.50% of the company’s stock.

About Lindsell Train Investment Trust

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.