The Merchants Trust Plc (LON:MRCH – Get Free Report) reached a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 692 and last traded at GBX 691.80, with a volume of 57,763 shares trading hands. The stock had previously closed at GBX 684.
Specifically, insider Bill Maldonado bought 2,961 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of GBX 674 per share, for a total transaction of £19,957.14.
The Merchants Trust Trading Up 1.1%
The firm’s fifty day moving average price is GBX 668.36 and its 200 day moving average price is GBX 641.51. The firm has a market capitalization of £1.02 billion, a PE ratio of 5.01 and a beta of 1.10.
The Merchants Trust (LON:MRCH – Get Free Report) last posted its quarterly earnings results on Friday, September 18th. The investment trust reported GBX 18.03 earnings per share for the quarter. The Merchants Trust had a net margin of 134.08% and a return on equity of 20.49%.
The Merchants Trust Company Profile
The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.
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