GLI Finance Ltd (LON:GLIF)’s share price rose 4.7% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 5.08 ($0.07) and last traded at GBX 5.08 ($0.07). Approximately 83,472 shares were traded during trading, a decline of 36% from the average daily volume of 130,593 shares. The stock had previously closed at GBX 4.85 ($0.06).
Specifically, insider Emma Stubbs bought 375,455 shares of the stock in a transaction dated Friday, February 8th. The shares were acquired at an average cost of GBX 8 ($0.10) per share, with a total value of £30,036.40 ($39,247.88).
Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 17.20 ($0.22) price target on shares of GLI Finance in a research note on Monday, November 5th.
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About GLI Finance (LON:GLIF)
GLI Finance Limited provides finance to small and medium sized enterprises (SMEs). The Company’s objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. The Company provides loans to SMEs through various finance platforms.
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