Insider Buying at Smithson Investment Trust PLC

On March 27th, Mike Balfour, an insider of Smithson Investment Trust PLC (LON:SSON - Get Free Report), made headlines by purchasing 7,000 shares of the company's stock. The shares were bought at an average price of GBX 1,456 ($18.85), amounting to a total investment of £101,920 ($131,952.36).

Current Stock Performance

During midday trading on Friday, the shares of Smithson Investment Trust (LON:SSON) were trading flat at GBX 1,450 ($18.77). The trading volume reached 210,985 shares, which is lower than the average volume of 416,759. The stock's fifty-day moving average stands at GBX 1,514.30, while its two-hundred-day moving average is at GBX 1,473.51. Over the past year, the stock has fluctuated, hitting a low of GBX 1,340 ($17.35) and a high of GBX 1,575.04 ($20.39). The company boasts a market capitalization of £1.85 billion and a price-to-earnings ratio of -43.32.

Latest Earnings and Financial Performance

Smithson Investment Trust recently reported its quarterly earnings on March 6th, announcing an earnings per share (EPS) of GBX 3 ($0.04). The company has recorded a negative return on equity of 2.13% alongside an impressive net margin of 317.04%.

Dividend Announcement

The firm also declared a dividend, which is set to be paid on May 2nd. Shareholders recorded as of April 3rd will receive a dividend of GBX 0.58 ($0.01), reflecting a yield of 0.04%. The ex-dividend date for this payout falls on April 3rd.

About Smithson Investment Trust

Billed as a company focused on providing superior long-term risk-adjusted returns, Smithson seeks to mimic the investment experience of the Fundsmith Equity Fund. It invests in a select group of global small and mid-cap listed companies, typically with a market capitalization ranging from £500 million to £15 billion, that have the potential to compound in value over time.

Investment Considerations

Before committing to an investment in Smithson Investment Trust, potential investors might want to do some research. It's essential to keep a pulse on market analysts' recommendations, as there may be stocks that are currently seen as more favorable investments. While Smithson holds a Hold rating among analysts, several have identified other stocks that might present better opportunities in the current market.

Insider, Stocks, Investment