Hansa Investment (LON:HAN) Hits New 52-Week High – Time to Buy?

Hansa Investment Company Ltd (LON:HAN)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 348 and last traded at GBX 344, with a volume of 50,963 shares changing hands. The stock had previously closed at GBX 332.

Hansa Investment Trading Down 1.8%

The business’s 50-day simple moving average is GBX 333.49 and its 200 day simple moving average is GBX 309.64. The company has a market capitalization of £623.16 million, a P/E ratio of 3.60 and a beta of 0.21.

Insider Activity at Hansa Investment

In other news, insider Richard Lightowler bought 74,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of GBX 338 per share, with a total value of £250,120. 9.38% of the stock is owned by corporate insiders.

Hansa Investment Company Profile

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.