The Baillie Gifford Japan Trust (LON:BGFD) Hits New 12-Month High - Still a Buy?

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 - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 917 ($12.47) and last traded at GBX 917 ($12.47), with a volume of 6837 shares. The stock had previously closed at GBX 912 ($12.41).

The Baillie Gifford Japan Trust Price Performance

The firm has a market capitalization of £715.96 million, a P/E ratio of 5,357.51 and a beta of 0.73. The stock has a fifty day simple moving average of GBX 866.63 and a two-hundred day simple moving average of GBX 791.46.

Insider Activity

In related news, insider Simon Davis bought 895 shares of the company's stock in a transaction that occurred on 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 insiders.

The Baillie Gifford Japan Trust Company Profile

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.