Baillie Gifford UK Growth Trust (LON:BGUK) Hits New 12-Month High After Insider Buying Activity

Shares of Baillie Gifford UK Growth Trust plc (LON:BGUK) hit a new 52-week high on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 218 and last traded at GBX 217, with a volume of 364420 shares traded. The stock had previously closed at GBX 215.

Specifically, insider Seema Paterson purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of GBX 213 per share, for a total transaction of £21,300.

Baillie Gifford UK Growth Trust Stock Performance

The firm has a market capitalization of £233.52 million, a P/E ratio of 7.66 and a beta of 1.37. The stock has a 50 day moving average of GBX 209.01 and a 200-day moving average of GBX 203.57.

Baillie Gifford UK Growth Trust (LON:BGUK) last issued its earnings results on Friday, June 26th. The company reported GBX 6.23 earnings per share for the quarter. Baillie Gifford UK Growth Trust had a net margin of 91.43% and a return on equity of 13.49%. The firm had revenue of GBX 889 million during the quarter.

About Baillie Gifford UK Growth Trust

The Trust aims to achieve capital growth predominantly from investment in UK listed equities, with the aim of providing a total return in excess of the FTSE All-Share Index. Investments are made with a five year investment horizon and the portfolio is relatively concentrated with between 35 – 65 companies. 10% of the total asset value of the Trust can be invested, at the time of initial investment, in private companies. Sector and industry weightings are a consequence of the index agnostic approach to stock selection.