Lindsell Train Investment Trust (LON:LTI) Shares Down 1.6% – Here’s Why

Lindsell Train Investment Trust Plc (LON:LTI) shares traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as GBX 5.96 and last traded at GBX 6. 23,565 shares were traded during mid-day trading, a decline of 54% from the average session volume of 50,946 shares. The stock had previously closed at GBX 6.10.

Lindsell Train Investment Trust Price Performance

The stock has a market capitalization of £1.20 million, a P/E ratio of -0.16 and a beta of 0.34. The company has a 50 day simple moving average of GBX 5.99 and a 200-day simple moving average of GBX 6.47.

Insider Activity

In other news, insider Michael Lindsell bought 5,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of GBX 600 per share, for a total transaction of £30,000. Insiders acquired 38,591 shares of company stock valued at $24,084,512 in the last 90 days. Insiders own 7.34% of the company’s stock.

Lindsell Train Investment Trust Company Profile

Lindsell Train Investment Trust Plc is an closed-ended balanced mutual fund of funds launched and managed by Lindsell Train Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, unquoted equities, bonds, other Lindsell Train managed fund products, cash, and other financial investments. It benchmarks the performance of its portfolio against the 2.5% Consolidated Loan Stock and MSCI World Index.