Lindsell Train Investment Trust (LON:LTI) Trading 2% Higher Following Insider Buying Activity

Lindsell Train Investment Trust Plc (LON:LTI) shot up 2% on Friday following insider buying activity. The stock traded as high as GBX 838 ($11.15) and last traded at GBX 830 ($11.04). 249 shares changed hands during mid-day 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 firm’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of £830.05 ($1,104.23) per share, for a total transaction of £41,502.50 ($55,211.52).

Lindsell Train Investment Trust Price Performance

The firm has a market cap of £166.18 million, a P/E ratio of 21.54 and a beta of 0.56. The company’s 50-day moving average is GBX 802.65 and its two-hundred day moving average is GBX 793.59.

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.