Scottish Mortgage (SMT) Hits New 52-Week High After Insider Buying Activity
Scottish Mortgage (LON:SMT)’s share price hit a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as GBX 468.30 ($6.16) and last traded at GBX 465.70 ($6.13), with a volume of 2783804 shares traded. The stock had previously closed at GBX 465.70 ($6.13).
Specifically, insider Paola Subacchi bought 430 shares of Scottish Mortgage stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of GBX 462 ($6.08) per share, with a total value of £1,986.60 ($2,612.92). Also, insider Patrick Maxwell bought 4,405 shares of Scottish Mortgage stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average cost of GBX 457 ($6.01) per share, for a total transaction of £20,130.85 ($26,477.51). Insiders have bought 5,291 shares of company stock worth $2,411,017 over the last three months.
The company also recently declared a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a GBX 1.39 ($0.02) dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 0.31%.
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About Scottish Mortgage
Scottish Mortgage Investment Trust PLC is an investment trust. The Company invests in listed and unlisted equities and makes other investments so as to achieve its investment objective of maximizing total return, whilst also generating dividend growth, from a focused and actively managed global portfolio.
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