The Mercantile Investment Trust (LON:MRC) Sets New 1-Year High – What’s Next?

Shares of The Mercantile Investment Trust plc (LON:MRC) reached a new 52-week high on Tuesday . The company traded as high as GBX 263.50 and last traded at GBX 262.84, with a volume of 1961490 shares traded. The stock had previously closed at GBX 262.50.

The Mercantile Investment Trust Trading Up 1.0%

The company has a market cap of £1.82 billion, a PE ratio of 79.79 and a beta of 1.16. The stock has a 50 day moving average price of GBX 252.27 and a 200 day moving average price of GBX 251.31.

The Mercantile Investment Trust (LON:MRC) last announced its quarterly earnings data on Monday, October 20th. The investment trust reported GBX 5.66 EPS for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.

Insider Transactions at The Mercantile Investment Trust

In related news, insider Graham Kitchen acquired 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average price of GBX 253 per share, for a total transaction of £25,300. Also, insider Rachel Beagles bought 10,771 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of GBX 247 per share, for a total transaction of £26,604.37. In the last 90 days, insiders acquired 50,771 shares of company stock worth $12,600,437. Corporate insiders own 0.11% of the company’s stock.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.