Lindsell Train Investment Trust (LON:LTI) Stock Falls 0.7% – Here’s What Happened

Lindsell Train Investment Trust Plc (LON:LTI)’s stock price was down 0.7% on Tuesday. The company traded as low as GBX 5.66 and last traded at GBX 5.76. Approximately 46,208 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 46,330 shares. The stock had previously closed at GBX 5.80.

Lindsell Train Investment Trust Trading Up 0.5%

The firm’s 50 day moving average is GBX 5.72 and its two-hundred day moving average is GBX 5.86. The firm has a market cap of £1.16 million, a P/E ratio of -0.03 and a beta of 0.40.

Insiders Place Their Bets

In other news, insider Michael Lindsell purchased 5,000 shares of Lindsell Train Investment Trust stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of GBX 579 per share, with a total value of £28,950. Company insiders own 7.39% 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.