Patrick Maxwell Purchases 11,048 Shares of Scottish Mortgage Investment Trust PLC (LON:SMT) Stock

Scottish Mortgage Investment Trust PLC (LON:SMT) insider Patrick Maxwell bought 11,048 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 722 ($9.50) per share, with a total value of £79,766.56 ($104,928.39).

Scottish Mortgage Investment Trust stock traded up GBX 2.50 ($0.03) during midday trading on Friday, hitting GBX 730 ($9.60). The company’s stock had a trading volume of 6,573,913 shares, compared to its average volume of 3,640,000. Scottish Mortgage Investment Trust PLC has a 12 month low of GBX 4.98 ($0.07) and a 12 month high of GBX 692 ($9.10). The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 9.31. The company has a market capitalization of $10.63 billion and a PE ratio of -215.05. The stock’s 50-day moving average price is GBX 637.20 and its 200-day moving average price is GBX 579.52.

The firm also recently announced a dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 4th will be issued a GBX 1.86 ($0.02) dividend. This is an increase from Scottish Mortgage Investment Trust’s previous dividend of $1.39. This represents a dividend yield of 0.27%. The ex-dividend date is Thursday, June 4th. Scottish Mortgage Investment Trust’s payout ratio is presently -0.88%.

Scottish Mortgage Investment Trust Company Profile

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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