The Merchants Trust (LON:MRCH) Sets New 52-Week High Following Insider Buying Activity

The Merchants Trust Plc (LON:MRCH) reached a new 52-week high during trading on Thursday following insider buying activity. The company traded as high as GBX 692 and last traded at GBX 691.80, with a volume of 57,763 shares trading hands. The stock had previously closed at GBX 684.

Specifically, insider Bill Maldonado acquired 2,961 shares of the stock in a transaction on Tuesday, November 3rd. The shares were purchased at an average cost of GBX 674 per share, for a total transaction of £19,957.14.

The Merchants Trust Stock Performance

The firm’s 50 day simple moving average is GBX 668.36 and its 200-day simple moving average is GBX 641.51. The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of 5.01 and a beta of 1.10.

The Merchants Trust (LON:MRCH) last issued its earnings results on Friday, September 18th. The investment trust reported GBX 18.03 EPS for the quarter. The Merchants Trust had a return on equity of 20.49% and a net margin of 134.08%.

The Merchants Trust Company Profile

The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.