Hansa Investment (LON:HAN) Reaches New 52-Week High – Here’s Why

Hansa Investment Company Ltd (LON:HAN) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 348 and last traded at GBX 344, with a volume of 50,963 shares trading hands. The stock had previously closed at GBX 332.

Hansa Investment Stock Performance

The company has a fifty day moving average of GBX 333.65 and a two-hundred day moving average of GBX 309.07. The firm has a market capitalization of £643.60 million, a price-to-earnings ratio of 3.69 and a beta of 0.21.

Insiders Place Their Bets

In other Hansa Investment news, insider Richard Lightowler purchased 74,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of GBX 338 per share, with a total value of £250,120. 17.72% of the stock is owned by corporate insiders.

About Hansa Investment

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.