Insider Buying: The City of London Investment Trust plc (LON:SAIN) Insider Buys £119,097 in Stock

The City of London Investment Trust plc (LON:SAIN) insider Eric M. Hagman purchased 29,700 shares of the stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of GBX 401 ($5.27) per share, for a total transaction of £119,097 ($156,665.35).

LON:SAIN opened at GBX 401 ($5.27) on Friday. The City of London Investment Trust plc has a fifty-two week low of GBX 243.80 ($3.21) and a fifty-two week high of GBX 443 ($5.83). The company has a market cap of $597.11 million and a PE ratio of 5.37. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 13.64. The firm has a 50-day moving average price of GBX 379.50.

The company also recently declared a dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th will be issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 4th. The City of London Investment Trust’s dividend payout ratio is currently 0.16%.

The City of London Investment Trust Company Profile

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

Featured Story: How do investors use RSI to grade stocks?

Receive News & Ratings for The City of London Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The City of London Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.