AVI Global Trust (LON:AGT) Shares Up 1% on Insider Buying Activity

Key Points

• AVI Global Trust (LON:AGT) shares increased by 1% following an insider purchase of 7,000 shares by June Jessop at an average price of GBX 257 ($3.46) per share.
• Approximately 177,095 shares traded during mid-day, significantly lower than the average daily volume of 952,986 shares.
• The company has a market capitalization of £1.13 billion and a price-to-earnings ratio of 5.24, indicating potentially undervalued shares based on earnings.

AVI Global Trust plc (LON:AGT - Get Free Report) rose 1% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 261 ($3.51) and last traded at GBX 261 ($3.51). Approximately 177,095 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 952,986 shares. The stock had previously closed at GBX 258.50 ($3.48).

Specifically, insider June Jessop acquired 7,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of GBX 257 ($3.46) per share, with a total value of £17,990 ($24,196.37).

AVI Global Trust Price Performance

The firm has a 50-day moving average price of GBX 245.21 and a two-hundred day moving average price of GBX 237.43. The company has a market capitalization of £1.13 billion, a price-to-earnings ratio of 5.24 and a beta of 0.78.

About AVI Global Trust

Established in 1889, the Company's investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value. Unique A concentrated portfolio combination of family-controlled holding companies, closed-end funds and asset-backed opportunities, unlikely to be found in other funds or indices. Diversified A concentrated portfolio of high conviction ideas, yet with broad diversification to sectors and companies through the holding structures of the portfolio companies. Engaged Seeking out good quality companies and engaging to improve shareholder value. Active Finding complex, inefficient, and overlooked investment opportunities. Global Bottom-up stock picking that is benchmark agnostic – seeking the best equity opportunities across the globe.

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