Graham Kitchen Buys 5,000 Shares of Mercantile Investment Trust (LON:MRC) Stock

Mercantile Investment Trust (LON:MRCGet Rating) insider Graham Kitchen bought 5,000 shares of the stock in a transaction on Wednesday, April 27th. The shares were acquired at an average cost of GBX 207 ($2.64) per share, for a total transaction of £10,350 ($13,191.44).

LON:MRC traded down GBX 2.50 ($0.03) on Wednesday, hitting GBX 205.50 ($2.62). 1,261,169 shares of the company’s stock traded hands, compared to its average volume of 1,243,352. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 10.51. Mercantile Investment Trust has a 1 year low of GBX 185.15 ($2.36) and a 1 year high of GBX 294.50 ($3.75). The firm has a 50-day moving average price of GBX 218.18 and a 200-day moving average price of GBX 245.76. The company has a market cap of £1.63 billion and a PE ratio of 1.96.

The firm also recently announced a dividend, which will be paid on Tuesday, May 3rd. Shareholders of record on Thursday, March 31st will be paid a dividend of GBX 2.85 ($0.04) per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 31st. This is a boost from Mercantile Investment Trust’s previous dividend of $1.35. Mercantile Investment Trust’s payout ratio is 0.06%.

Mercantile Investment Trust Company Profile (Get Rating)

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.

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