Lindsell Train Investment Trust (LON:LTI) Trading Down 4.8% - Here's Why

Key Points

• Lindsell Train Investment Trust's stock dropped 4.8% to GBX 800 ($10.76), with a trading volume that declined by 36% compared to its average daily volume.
• The company reported earnings of GBX 4,283 ($57.60) per share for the previous quarter, with a return on equity of 3.89% and a net margin of 82.49%.
• Insider Michael Lindsell bought 50 shares at £847.60 ($1,139.86) each, contributing to insiders owning 48.50% of the stock within the last three months.

Lindsell Train Investment Trust Plc (LON:LTI - Get Free Report)'s share price dropped 4.8% on Thursday . The stock traded as low as GBX 800 ($10.76) and last traded at GBX 800 ($10.76). Approximately 201 shares were traded during trading, a decline of 36% from the average daily volume of 313 shares. The stock had previously closed at GBX 840 ($11.30).

Lindsell Train Investment Trust Stock Down 4.8%

The firm has a 50 day simple moving average of GBX 840.32 and a 200-day simple moving average of GBX 828.76. The stock has a market cap of £160.18 million, a P/E ratio of 20.76 and a beta of 0.56.

Lindsell Train Investment Trust (LON:LTI - Get Free Report) last issued its quarterly earnings results on Friday, June 13th. The company reported GBX 4,283 ($57.60) earnings per share (EPS) for the quarter. Lindsell Train Investment Trust had a return on equity of 3.89% and a net margin of 82.49%.

Insider Buying and Selling

In related news, insider Michael Lindsell bought 50 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was purchased at an average price of £847.60 ($1,139.86) per share, with a total value of £42,380 ($56,993.01). Insiders have purchased 150 shares of company stock worth $12,473,500 in the last three months. 48.50% of the stock is owned by insiders.

About Lindsell Train Investment Trust

Lindsell Train Investment Trust Plc is an closed-ended balanced mutual fund of funds launched and managed by Lindsell Train Limited. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, unquoted equities, bonds, other Lindsell Train managed fund products, cash, and other financial investments.

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