Lindsell Train Investment Trust (LON:LTI) Trading Up 2% on Insider Buying Activity

Lindsell Train Investment Trust Plc (LON:LTI) shot up 2% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 838 ($11.15) and last traded at GBX 830 ($11.04). 249 shares changed hands during trading, a decline of 20% from the average session volume of 310 shares. The stock had previously closed at GBX 814 ($10.83).

Specifically, insider Michael Lindsell purchased 50 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of £830.05 ($1,104.23) per share, with a total value of £41,502.50 ($55,211.52).

Lindsell Train Investment Trust Price Performance

The company has a 50-day simple moving average of GBX 802.65 and a 200-day simple moving average of GBX 793.13. The stock has a market cap of £166.18 million, a PE ratio of 21.54 and a beta of 0.56.

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.