The Merchants Trust Plc (LON:MRCH - Get Free Report) insider Neil Galloway bought 8,000 shares of The Merchants Trust stock in a transaction dated Wednesday, July 9th. The shares were acquired at an average cost of GBX 568 ($7.66) per share, for a total transaction of £45,440 ($61,297.72).
The Merchants Trust Price Performance
MRCH stock traded down GBX 4 ($0.05) during midday trading on Friday, hitting GBX 560 ($7.55). The stock had a trading volume of 150,850 shares, compared to its average volume of 301,311. The firm has a market cap of £832.89 million, a price-to-earnings ratio of 7.65 and a beta of 0.95. The business has a 50-day moving average of GBX 564.54 and a two-hundred day moving average of GBX 544.43. The Merchants Trust Plc has a 52-week low of GBX 448 ($6.04) and a 52-week high of GBX 605 ($8.16).
The Merchants Trust (LON:MRCH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.40) earnings per share for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.
About The Merchants Trust
(
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The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.
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