Lindsell Train Investment Trust (LON:LTI) Stock Price Up 0.6% – Here’s Why

Lindsell Train Investment Trust Plc (LON:LTI) shares rose 0.6% on Wednesday . The company traded as high as GBX 6.50 and last traded at GBX 6.50. Approximately 26,594 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 33,720 shares. The stock had previously closed at GBX 6.46.

Lindsell Train Investment Trust Price Performance

The stock has a market cap of £1.30 million, a price-to-earnings ratio of -0.29 and a beta of 0.56. The business’s 50 day moving average is GBX 6.75 and its 200 day moving average is GBX 381.75.

Lindsell Train Investment Trust (LON:LTI) last posted its quarterly earnings results on Thursday, December 4th. The company reported GBX 19.50 earnings per share for the quarter. Lindsell Train Investment Trust had a return on equity of 3.89% and a net margin of 82.49%.

Insider Buying and Selling at Lindsell Train Investment Trust

In other Lindsell Train Investment Trust news, insider Michael Lindsell bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of GBX 662 per share, for a total transaction of £13,240. Over the last quarter, insiders bought 67,720 shares of company stock worth $46,933,045. 6.72% of the stock is currently owned by company insiders.

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. It benchmarks the performance of its portfolio against the 2.5% Consolidated Loan Stock and MSCI World Index.