RIT Capital Partners (LON:RCP – Get Free Report)’s share price reached a new 52-week high on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 2,030 ($25.50) and last traded at GBX 2,023.06 ($25.42), with a volume of 926745 shares changing hands. The stock had previously closed at GBX 2,000 ($25.13).
Specifically, insider Cecilia McAnulty purchased 5,077 shares of the company’s stock in a transaction on Monday, April 29th. The stock was acquired at an average price of GBX 1,969 ($24.74) per share, with a total value of £99,966.13 ($125,585.59). In related news, insider Vikas Karlekar bought 991 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of GBX 2,005 ($25.19) per share, with a total value of £19,869.55 ($24,961.75). Also, insider Cecilia McAnulty purchased 5,077 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of GBX 1,969 ($24.74) per share, with a total value of £99,966.13 ($125,585.59). 40.06% of the stock is currently owned by corporate insiders.
RIT Capital Partners Stock Performance
The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 10.62. The firm has a market capitalization of £2.91 billion, a P/E ratio of -1,340.14 and a beta of 0.45. The business’s 50 day simple moving average is GBX 1,813.32 and its two-hundred day simple moving average is GBX 1,812.99.
RIT Capital Partners Increases Dividend
About RIT Capital Partners
RIT Capital Partners plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling).
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