Liontrust Asset Management PLC (LON:LIO – Get Free Report) insider Vinay Kumar Abrol acquired 10,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of GBX 285 per share, for a total transaction of £28,500.
Liontrust Asset Management Price Performance
Shares of LON LIO opened at GBX 308 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.35 and a debt-to-equity ratio of 2.54. Liontrust Asset Management PLC has a twelve month low of GBX 223 and a twelve month high of GBX 358. The stock has a 50 day moving average of GBX 295.48 and a two-hundred day moving average of GBX 290.04. The stock has a market cap of £190.56 million, a P/E ratio of 20.01, a P/E/G ratio of -1.70 and a beta of 1.47.
Key Stories Impacting Liontrust Asset Management
Here are the key news stories impacting Liontrust Asset Management this week:
- Positive Sentiment: Hawksmoor acquisition: Liontrust agreed to buy Hawksmoor Investment Management’s fund management and model portfolio services businesses for an initial £6 million, with total consideration of up to £10 million. The transaction would add assets under management, broaden Liontrust’s distribution capabilities and could support earnings growth. Liontrust to buy Hawksmoor’s MPS and fund management businesses
- Positive Sentiment: Analyst price-target increase: Berenberg raised its target for Liontrust from 360p to 390p and retained a “Buy” rating, implying greater upside based on its assessment of the company’s prospects. Berenberg Raises Liontrust Asset Management PT, Keeps Buy Rating
- Positive Sentiment: Insider confidence: Director Vinay Kumar Abrol purchased 10,000 shares at 285p, investing £28,500. Insider buying can be viewed as a signal that management considers the valuation attractive. Liontrust insider purchases shares
- Neutral Sentiment: The Hawksmoor transaction offers strategic and earnings benefits, but investors will also monitor integration, asset retention and whether the acquired businesses generate sufficient returns on the purchase price. Liontrust agrees up to £10 million acquisition
- Negative Sentiment: A recent technical report said Liontrust’s stock had broken below its 200-day moving average, a bearish signal that could concern momentum-focused investors, although the shares subsequently recovered above that level. Liontrust stock breaks below 200-day moving average
Analyst Ratings Changes
Read Our Latest Research Report on LIO
Liontrust Asset Management Company Profile
Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited. Liontrust Asset Management Plc was founded in 1994 and is based in London, United Kingdom.
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