Witan Investment Trust (LON:WTAN) Sets New 12-Month High at $252.00

Witan Investment Trust plc (LON:WTAN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 252 ($3.19) and last traded at GBX 249.04 ($3.15), with a volume of 22702 shares trading hands. The stock had previously closed at GBX 250 ($3.16).

Witan Investment Trust Price Performance

The company has a debt-to-equity ratio of 16.50, a current ratio of 0.24 and a quick ratio of 0.57. The stock has a market capitalization of £1.54 billion, a price-to-earnings ratio of 1,041.67 and a beta of 0.74. The stock’s 50 day simple moving average is GBX 243.03 and its 200-day simple moving average is GBX 232.70.

Witan Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 22nd were issued a GBX 1.69 ($0.02) dividend. This represents a yield of 0.71%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Witan Investment Trust’s previous dividend of $1.45. Witan Investment Trust’s payout ratio is 2,500.00%.

Insider Buying and Selling at Witan Investment Trust

In other Witan Investment Trust news, insider Shauna Bevan purchased 10,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were purchased at an average price of GBX 231 ($2.92) per share, with a total value of £23,100 ($29,236.81). Insiders own 7.89% of the company’s stock.

About Witan Investment Trust

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited. The fund is co-managed by Artemis Investment Management LLP, Lindsell Train Limited, Heronbridge Investment Management LLP, MFS International (UK) Limited, Veritas Asset Management LLP, Lansdowne Partners (UK) LLP, Marathon Asset Management, LLP, Matthews International Capital Management, LLC, Trilogy Global Advisors, LLC, Pzena Investment Management LLC, Tweedy, Browne Company LLC, and GQG Partners, LLC.