Baillie Gifford UK Growth Trust (LON:BGUK) Hits New 12-Month High After Insider Buying Activity

Shares of Baillie Gifford UK Growth Trust plc (LON:BGUK) hit a new 52-week high on Thursday following insider buying activity. The stock traded as high as GBX 218 and last traded at GBX 217, with a volume of 364420 shares trading hands. The stock had previously closed at GBX 215.

Specifically, insider Seema Paterson purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of GBX 213 per share, with a total value of £21,300.

Baillie Gifford UK Growth Trust Price Performance

The company has a 50 day moving average of GBX 209.01 and a 200-day moving average of GBX 203.57. The company has a market cap of £233.52 million, a P/E ratio of 7.66 and a beta of 1.37.

Baillie Gifford UK Growth Trust (LON:BGUK) last released its quarterly earnings results on Friday, June 26th. The company reported GBX 6.23 earnings per share for the quarter. The firm had revenue of GBX 889 million for the quarter. Baillie Gifford UK Growth Trust had a return on equity of 13.49% and a net margin of 91.43%.

Baillie Gifford UK Growth Trust Company Profile

The Trust aims to achieve capital growth predominantly from investment in UK listed equities, with the aim of providing a total return in excess of the FTSE All-Share Index. Investments are made with a five year investment horizon and the portfolio is relatively concentrated with between 35 – 65 companies. 10% of the total asset value of the Trust can be invested, at the time of initial investment, in private companies. Sector and industry weightings are a consequence of the index agnostic approach to stock selection.