Insider Buying: The Mercantile Investment Trust plc (LON:MRC) Insider Acquires 8,000 Shares of Stock

The Mercantile Investment Trust plc (LON:MRC - Get Free Report) insider Damien Maltarp acquired 8,000 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 213 ($2.76) per share, with a total value of £17,040 ($22,118.38).

The Mercantile Investment Trust Stock Up 3.3 %

Shares of MRC stock opened at GBX 212.70 ($2.76) on Friday. The company has a market cap of £1.58 billion, a P/E ratio of 4.00 and a beta of 1.16. The business has a 50 day moving average of GBX 232.71 and a two-hundred day moving average of GBX 234.72. The Mercantile Investment Trust plc has a 52 week low of GBX 195 ($2.53) and a 52 week high of GBX 269.05 ($3.49).

The Mercantile Investment Trust (LON:MRC - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The investment trust reported GBX 8.96 ($0.12) EPS for the quarter. The Mercantile Investment Trust had a net margin of 94.67% and a return on equity of 20.56%.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust Approach Expert market access As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.

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