The Baillie Gifford Japan Trust (LON:BGFD) Sets New 52-Week High - Here's Why

Key Points

• The Baillie Gifford Japan Trust's stock reached a new 52-week high of GBX 947 ($12.71) on Monday, marking a significant rise from its previous close of GBX 921 ($12.37).
• The Trust focuses on long-term capital growth by investing in medium to smaller-sized Japanese companies with above-average growth prospects, managing a portfolio of 40–70 companies.
• Insider Simon Davis purchased 895 shares at an average cost of GBX 838, indicating insider confidence with only 0.20% of the stock owned by company insiders.

The Baillie Gifford Japan Trust PLC (LON:BGFD - )'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 947 ($12.71) and last traded at GBX 944.46 ($12.68), with a volume of 194262 shares changing hands. The stock had previously closed at GBX 921 ($12.37).

The Baillie Gifford Japan Trust Price Performance

The firm has a market cap of £734.70 million, a PE ratio of 55.13 and a beta of 0.73. The business has a fifty day moving average price of GBX 912 and a two-hundred day moving average price of GBX 820.39.

Insider Activity

In related news, insider Simon Davis purchased 895 shares of The Baillie Gifford Japan Trust stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of GBX 838 per share, with a total value of £7,500.10. 0.20% of the stock is owned by company 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.

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