New Star Investment Trust (LON:NSI) Insider John L. Duffield Purchases 545,000 Shares

Key Points

• John Duffield, an insider at New Star Investment Trust, purchased 545,000 shares at an average price of GBX 116, totaling £632,200.
• On the day of the purchase, the stock price fell to GBX 109 with a trading volume significantly above its average.
• New Star Investment Trust is a closed-ended mutual fund managed by Brompton Asset Management, investing in diverse global markets including equity and bonds.

New Star Investment Trust plc (LON:NSI - Get Free Report) insider John L. Duffield purchased 545,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of GBX 116 per share, with a total value of £632,200.

New Star Investment Trust Price Performance

Shares of LON:NSI remained flat at GBX 111 during trading on Monday. 12,507 shares of the company's stock traded hands, compared to its average volume of 25,132. The firm's fifty day simple moving average is GBX 111.96 and its 200 day simple moving average is GBX 108.78. The stock has a market cap of £78.84 million, a P/E ratio of 707.91 and a beta of 0.30. New Star Investment Trust plc has a fifty-two week low of GBX 96 and a fifty-two week high of GBX 119.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.