Insider Buying: The Merchants Trust (LON:MRCH) Insider Buys £19,957.14 in Stock

The Merchants Trust Plc (LON:MRCH) insider Bill Maldonado bought 2,961 shares of The Merchants Trust stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of GBX 674 per share, for a total transaction of £19,957.14.

The Merchants Trust Trading Up 1.6%

Shares of LON:MRCH traded up GBX 11 during trading on Wednesday, hitting GBX 684. 298,347 shares of the company’s stock were exchanged, compared to its average volume of 239,111. The Merchants Trust Plc has a 1-year low of GBX 555 and a 1-year high of GBX 691. The firm has a 50-day moving average price of GBX 668.38 and a two-hundred day moving average price of GBX 641.17. The firm has a market cap of £1.00 billion, a P/E ratio of 4.95 and a beta of 1.10.

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

About The Merchants Trust

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.