The Mercantile Investment Trust (LON:MRC) Reaches New 12-Month High – What’s Next?

Shares of The Mercantile Investment Trust plc (LON:MRC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 269 and last traded at GBX 267.41, with a volume of 50486 shares trading hands. The stock had previously closed at GBX 267.50.

The Mercantile Investment Trust Stock Down 0.4%

The stock has a fifty day moving average price of GBX 255.72 and a two-hundred day moving average price of GBX 252.18. The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 80.51 and a beta of 1.16.

Insider Activity

In other news, insider Rachel Beagles bought 30,000 shares of The Mercantile Investment Trust stock in a transaction on Monday, November 10th. The shares were bought at an average cost of GBX 247 per share, for a total transaction of £74,100. Also, insider Graham Kitchen purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of GBX 253 per share, for a total transaction of £25,300. Insiders purchased a total of 50,771 shares of company stock valued at $12,600,437 in the last three months. 0.11% of the stock is currently owned by corporate insiders.

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.