Capital Gearing (LON:CGT – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 5,110 and last traded at GBX 5,089, with a volume of 504 shares trading hands. The stock had previously closed at GBX 5,100.
Specifically, insider Karl Sternberg bought 982 shares of the company’s stock in a transaction on Friday, April 17th. The shares were acquired at an average cost of GBX 5,095 per share, for a total transaction of £50,032.90.
Capital Gearing Stock Performance
The firm has a market capitalization of £800.55 million, a P/E ratio of 22.43 and a beta of 0.25. The stock’s 50 day simple moving average is GBX 5,035.53 and its 200 day simple moving average is GBX 4,975.72.
Capital Gearing Company Profile
Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history. This consistency reflects a disciplined focus on the preservation and growth of shareholders’ real wealth across multiple market cycles.
The Trust’s strategy has evolved over time.
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