The Mercantile Investment Trust (LON:MRC) Hits New 1-Year High – Here’s What Happened

The Mercantile Investment Trust plc (LON:MRC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 260 and last traded at GBX 259.59, with a volume of 583048 shares traded. The stock had previously closed at GBX 259.

The Mercantile Investment Trust Stock Performance

The stock has a market capitalization of £1.80 billion, a PE ratio of 78.56 and a beta of 1.16. The firm has a 50 day moving average of GBX 251.24 and a 200-day moving average of GBX 250.97.

The Mercantile Investment Trust (LON:MRC) last issued its earnings results on Monday, October 20th. The investment trust reported GBX 5.66 earnings per share for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.

Insider Buying and Selling

In other news, insider Graham Kitchen acquired 10,000 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of GBX 253 per share, for a total transaction of £25,300. Also, insider Rachel Beagles bought 10,771 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of GBX 247 per share, with a total value of £26,604.37. Insiders acquired 50,771 shares of company stock valued at $12,600,437 over the last quarter. Corporate insiders own 0.11% of the company’s stock.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.