AVI Global Trust (LON:AGT) Stock Price Up 1.7% – Still a Buy?

AVI Global Trust plc (LON:AGT)’s stock price traded up 1.7% during mid-day trading on Tuesday . The company traded as high as GBX 245 ($3.07) and last traded at GBX 245 ($3.07). 536,346 shares were traded during trading, a decline of 23% from the average session volume of 696,459 shares. The stock had previously closed at GBX 241 ($3.02).

AVI Global Trust Stock Up 0.8 %

The stock has a market cap of £1.12 billion, a price-to-earnings ratio of 882.14 and a beta of 0.78. The business’s 50 day moving average is GBX 237.33 and its 200-day moving average is GBX 234.41. The company has a debt-to-equity ratio of 15.75, a quick ratio of 12.68 and a current ratio of 2.15.

AVI Global Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.08%. This is a boost from AVI Global Trust’s previous dividend of $1.20. AVI Global Trust’s payout ratio is currently 1,428.57%.

Insider Buying and Selling

In other AVI Global Trust news, insider June Jessop purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of GBX 236 ($2.95) per share, for a total transaction of £14,160 ($17,717.72). Also, insider Graham Kitchen bought 10,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of GBX 236 ($2.95) per share, for a total transaction of £23,600 ($29,529.53). Insiders own 4.64% of the company’s stock.

AVI Global Trust Company Profile

Established in 1889, the Company’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value.

Unique
A concentrated portfolio combination of family-controlled holding companies, closed-end funds and asset-backed opportunities, unlikely to be found in other funds or indices.

Diversified
A concentrated portfolio of high conviction ideas, yet with broad diversification to sectors and companies through the holding structures of the portfolio companies.

Engaged
Seeking out good quality companies and engaging to improve shareholder value.

Active
Finding complex, inefficient, and overlooked investment opportunities.

Global
Bottom-up stock picking that is benchmark agnostic – seeking the best equity opportunities across the globe.