New Star Investment Trust (LON:NSI) Trading Down 2.3% - Here's Why

Key Points

• New Star Investment Trust shares fell by 2.3%, trading at GBX 113.36 ($1.52) amid a significant drop in trading volume.
• Insider purchases by John L. Duffield included 545,000 shares at an average price of GBX 116, increasing insider ownership to 63.15%.
• The company has a market capitalization of £80.51 million and a price-to-earnings ratio of 7.23.

New Star Investment Trust plc (LON:NSI - )'s share price fell 2.3% during mid-day trading on Tuesday . The company traded as low as GBX 113.36 ($1.52) and last traded at GBX 113.36 ($1.52). 1,000 shares were traded during trading, a decline of 96% from the average session volume of 23,303 shares. The stock had previously closed at GBX 116 ($1.55).

New Star Investment Trust Trading Down 2.3%

The company has a market capitalization of £80.51 million, a price-to-earnings ratio of 7.23 and a beta of 0.30. The stock's fifty day simple moving average is GBX 113.98 and its 200-day simple moving average is GBX 109.78.

Insider Buying and Selling at New Star Investment Trust

In other news, insider John L. Duffield acquired 545,000 shares of New Star Investment Trust stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average cost of GBX 116 per share, for a total transaction of £632,200. Insiders own 63.15% of the company's stock.

About New Star Investment Trust

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.

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