The Merchants Trust (LON:MRCH) Insider Bill Maldonado Buys 2,961 Shares of Company Stock

Key Points

  • Insider Bill Maldonado bought 2,961 shares of The Merchants Trust at GBX 674 each, for a total of £19,957.14.
  • The trust’s shares opened at GBX 684; its 52-week range is GBX 555–691, and its market capitalization is about £1.00 billion.
  • The trust targets income and long-term capital growth from mostly higher-yielding UK companies and has increased its dividend for 38 consecutive years.

The Merchants Trust Plc (LON:MRCH - Get Free Report) insider Bill Maldonado acquired 2,961 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of GBX 674 per share, with a total value of £19,957.14.

The Merchants Trust Stock Performance

Shares of MRCH stock opened at GBX 684 on Thursday. The firm has a market cap of £1.00 billion, a price-to-earnings ratio of 4.95 and a beta of 1.10. The Merchants Trust Plc has a 1 year low of GBX 555 and a 1 year high of GBX 691. The stock's 50-day moving average is GBX 668.36 and its two-hundred day moving average is GBX 641.51.

The Merchants Trust (LON:MRCH - Get Free Report) last released its quarterly earnings results on Friday, September 18th. The investment trust reported GBX 18.03 EPS for the quarter. The Merchants Trust had a return on equity of 20.49% and a net margin of 134.08%.

The Merchants Trust Company Profile

(Get Free Report)

The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.

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