The Baillie Gifford Japan Trust (LON:BGFD) Reaches New 12-Month High - Here's Why

Key Points

• The Baillie Gifford Japan Trust's stock reached a new 52-week high of GBX 917 ($12.41) during trading, with a volume of 6,837 shares exchanged.
• The Trust focuses on long-term capital growth by investing in medium to smaller-sized Japanese companies with strong growth potential, managing between 40–70 companies.
• Insider Simon Davis acquired 895 shares at an average price of GBX 838, reflecting insider confidence in the company’s prospects, although only 0.20% of the stock is owned by insiders.

The Baillie Gifford Japan Trust PLC (LON:BGFD - )'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 917 ($12.41) and last traded at GBX 917 ($12.41), with a volume of 6837 shares changing hands. The stock had previously closed at GBX 912 ($12.34).

The Baillie Gifford Japan Trust Price Performance

The firm has a 50-day simple moving average of GBX 859.21 and a 200 day simple moving average of GBX 788.11. The company has a market capitalization of £712.92 million, a PE ratio of 5,334.72 and a beta of 0.73.

Insider Transactions at The Baillie Gifford Japan Trust

In other news, insider Simon Davis acquired 895 shares of the company's stock in a transaction dated Monday, July 28th. The shares were bought at an average price of GBX 838 per share, for a total transaction of £7,500.10. 0.20% of the stock is owned by company insiders.

About The Baillie Gifford Japan Trust

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities. Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas. We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.

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