Hansa Investment (LON:HAN) Sets New 52-Week High – Still a Buy?

Hansa Investment Company Ltd (LON:HAN) reached a new 52-week high on Wednesday. The company traded as high as GBX 346 and last traded at GBX 334, with a volume of 19,037 shares. The stock had previously closed at GBX 338.

Hansa Investment Stock Performance

The stock has a market capitalization of £647.48 million, a price-to-earnings ratio of 3.72 and a beta of 0.21. The business has a 50-day moving average of GBX 333.95 and a 200-day moving average of GBX 307.42.

Insiders Place Their Bets

In related news, insider Richard Lightowler bought 74,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of GBX 338 per share, with a total value of £250,120. 17.72% of the stock is currently owned by company insiders.

Hansa Investment Company Profile

Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situations, with a bias towards small cap companies. The fund also invests through other third party funds. It benchmarks the performance of its portfolios against the FTSE All Share Index and MSCI All Country World & Frontier Markets Index.