Hansa Investment (LON:HAN) Reaches New 52-Week High – Here’s Why

Hansa Investment Company Ltd (LON:HAN) hit a new 52-week high on Wednesday. The stock traded as high as GBX 348 and last traded at GBX 344, with a volume of 50,963 shares changing hands. The stock had previously closed at GBX 332.

Hansa Investment Price Performance

The business’s 50 day simple moving average is GBX 333.65 and its 200-day simple moving average is GBX 309.07. The stock has a market capitalization of £643.60 million, a P/E ratio of 3.69 and a beta of 0.21.

Insider Buying and Selling

In related news, insider Richard Lightowler acquired 74,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of GBX 338 per share, for a total transaction of £250,120. Corporate insiders own 17.72% of the company’s stock.

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.