The Baillie Gifford Japan Trust (LON:BGFD) Hits New 1-Year High After Insider Buying Activity

Key Points

• The Baillie Gifford Japan Trust (LON:BGFD) has reached a new 52-week high, trading at GBX 849 ($11.34) during mid-day trading on Tuesday.
• The Trust focuses on long-term capital growth by investing in medium to smaller sized Japanese companies with significant growth potential, managing a portfolio of 40–70 companies.
• The Trust has a market cap of £762.72 million, a price-to-earnings ratio of 11.59, and a beta of 0.73, indicating a relatively stable stock compared to the market.

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report) reached a new 52-week high on Tuesday following insider buying activity. The stock traded as high as GBX 849 ($11.22) and last traded at GBX 834 ($11.02), with a volume of 145973 shares. The stock had previously closed at GBX 847 ($11.19).

Specifically, insider Simon Davis purchased 895 shares of the stock in a transaction dated Monday, July 28th. The stock was bought at an average price of GBX 838 ($11.07) per share, with a total value of £7,500.10 ($9,907.66).

The Baillie Gifford Japan Trust Stock Performance

The company has a market cap of £762.38 million, a price-to-earnings ratio of 11.58 and a beta of 0.73. The business has a fifty day moving average price of GBX 794.14 and a 200 day moving average price of GBX 761.19.

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.