AVI Global Trust (LON:AGT) Shares Up 1.7% – Still a Buy?

AVI Global Trust plc (LON:AGT) rose 1.7% during mid-day trading on Tuesday . The company traded as high as GBX 245 ($3.07) and last traded at GBX 245 ($3.07). Approximately 536,346 shares were traded during trading, a decline of 23% from the average daily volume of 696,459 shares. The stock had previously closed at GBX 241 ($3.02).

AVI Global Trust Price Performance

The company’s 50 day simple moving average is GBX 236.97 and its 200 day simple moving average is GBX 234.33. The company has a debt-to-equity ratio of 15.75, a current ratio of 2.15 and a quick ratio of 12.68. The stock has a market cap of £1.11 billion, a P/E ratio of 875.00 and a beta of 0.78.

AVI Global Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, November 28th will be given a GBX 2.55 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.08%. This is a boost from AVI Global Trust’s previous dividend of $1.20. AVI Global Trust’s dividend payout ratio is currently 1,428.57%.

Insider Buying and Selling

In other AVI Global Trust news, insider June Jessop bought 6,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of GBX 236 ($2.95) per share, with a total value of £14,160 ($17,719.93). Also, insider Graham Kitchen purchased 10,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of GBX 236 ($2.95) per share, for a total transaction of £23,600 ($29,533.22). 4.64% of the stock is currently owned by company insiders.

About AVI Global Trust

Established in 1889, the Company’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value.

Unique
A concentrated portfolio combination of family-controlled holding companies, closed-end funds and asset-backed opportunities, unlikely to be found in other funds or indices.

Diversified
A concentrated portfolio of high conviction ideas, yet with broad diversification to sectors and companies through the holding structures of the portfolio companies.

Engaged
Seeking out good quality companies and engaging to improve shareholder value.

Active
Finding complex, inefficient, and overlooked investment opportunities.

Global
Bottom-up stock picking that is benchmark agnostic – seeking the best equity opportunities across the globe.