Lindsell Train Investment Trust (LON:LTI) Shares Up 1% – Time to Buy?

Shares of Lindsell Train Investment Trust Plc (LON:LTI) shot up 1% during trading on Thursday . The stock traded as high as GBX 742 ($9.46) and last traded at GBX 733.20 ($9.35). 643 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 405 shares. The stock had previously closed at GBX 726 ($9.26).

Lindsell Train Investment Trust Trading Up 0.1 %

The company has a 50 day moving average of GBX 736.26 and a 200 day moving average of GBX 782.61. The firm has a market cap of £1.47 million, a price-to-earnings ratio of 34.92 and a beta of 0.56.

Insider Transactions at Lindsell Train Investment Trust

In other news, insider Michael Lindsell bought 50 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was bought at an average price of £743.68 ($948.09) per share, for a total transaction of £37,184 ($47,404.39). In the last quarter, insiders have bought 276 shares of company stock valued at $20,862,900. 48.50% of the stock is owned by insiders.

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.