Hansa Investment (LON:HAN) Sets New 52-Week High – Still a Buy?

Hansa Investment Company Ltd (LON:HAN) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 346 and last traded at GBX 334, with a volume of 19,037 shares trading hands. The stock had previously closed at GBX 338.

Hansa Investment Trading Down 1.2%

The stock’s fifty day simple moving average is GBX 333.95 and its 200 day simple moving average is GBX 307.42. The company has a market cap of £647.48 million, a price-to-earnings ratio of 3.72 and a beta of 0.21.

Insider Activity

In related news, insider Richard Lightowler acquired 74,000 shares of Hansa Investment stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of GBX 338 per share, for a total transaction of £250,120. 17.72% of the stock is owned by company 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.