Insider Buying: Smithson Investment Trust PLC (LON:SSON) Insider Purchases 7,000 Shares of Stock

Smithson Investment Trust PLC (LON:SSON) insider Mike Balfour purchased 7,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of GBX 1,456 ($18.85) per share, with a total value of £101,920 ($131,952.36).

Smithson Investment Trust Price Performance

Shares of LON:SSON remained flat at GBX 1,450 ($18.77) during midday trading on Friday. The stock had a trading volume of 210,985 shares, compared to its average volume of 416,759. The stock has a fifty day moving average of GBX 1,514.30 and a 200 day moving average of GBX 1,473.51. Smithson Investment Trust PLC has a 12 month low of GBX 1,340 ($17.35) and a 12 month high of GBX 1,575.04 ($20.39). The firm has a market capitalization of £1.85 billion and a price-to-earnings ratio of -43.32.

Smithson Investment Trust (LON:SSON) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Smithson Investment Trust had a negative return on equity of 2.13% and a net margin of 317.04%.

Smithson Investment Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 3rd will be issued a GBX 0.58 ($0.01) dividend. This represents a yield of 0.04%. The ex-dividend date of this dividend is Thursday, April 3rd.

Smithson Investment Trust Company Profile

Smithson aims to provide its shareholders with a similar investment experience to the Fundsmith Equity Fund, being a superior risk-adjusted return over the long term, but by investing in a group of global small and mid capitalisation listed companies with a market cap of £500m to £15bn, which we believe can compound in value over many years, if not decades, hence the name, Smithson.