Odyssean Investment Trust (LON:OIT) Hits New 12-Month High Following Insider Buying Activity

Odyssean Investment Trust (LON:OIT)’s stock price hit a new 52-week high on Wednesday following insider buying activity. The stock traded as high as GBX 172 and last traded at GBX 169, with a volume of 105146 shares. The stock had previously closed at GBX 168.75.

Specifically, insider Richard King purchased 2,600 shares of the company’s stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of GBX 168 per share, for a total transaction of £4,368. Also, insider Indraneil (Neil) Mahapatra purchased 33,452 shares of Odyssean Investment Trust stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of GBX 169 per share, for a total transaction of £56,533.88. In related news, insider Peter Hewitt acquired 10,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of GBX 168 per share, for a total transaction of £16,800.

Odyssean Investment Trust Trading Down 0.6%

The stock has a market cap of £225.03 million, a price-to-earnings ratio of -9.23 and a beta of 0.75. The company’s fifty day moving average is GBX 163.86 and its two-hundred day moving average is GBX 158.48.

Odyssean Investment Trust (LON:OIT) last released its quarterly earnings results on Monday, December 1st. The company reported GBX (0.20) EPS for the quarter. Odyssean Investment Trust had a negative return on equity of 2.33% and a net margin of 186.18%.

About Odyssean Investment Trust

Odyssean Investment Trust PLC is a closed-ended investment company that seeks to deliver attractive returns to its clients by investing in great businesses and supporting them to become even better. To achieve this the company has appointed Odyssean Capital LLP to manage the portfolio.

Odyssean Capital will invest in a concentrated portfolio of well researched smaller companies, typically too small for inclusion in the FTSE 250.