Personal Assets (LON:PNL) Reaches New 1-Year High – Time to Buy?

Personal Assets (LON:PNL)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 558 and last traded at GBX 557.10, with a volume of 1,337,739 shares traded. The stock had previously closed at GBX 554.

Personal Assets Trading Up 0.6%

The firm has a market cap of £1.71 billion, a PE ratio of 17.15 and a beta of 0.34. The company has a 50-day simple moving average of GBX 547.29 and a 200 day simple moving average of GBX 542.15.

Insider Buying and Selling at Personal Assets

In other news, insider Sharon Brown purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of GBX 556 per share, for a total transaction of £55,600. Also, insider Iain Ferguson acquired 3,618 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was purchased at an average cost of GBX 550 per share, with a total value of £19,899. Over the last quarter, insiders purchased 15,427 shares of company stock valued at $8,544,850. Company insiders own 0.47% of the company’s stock.

Personal Assets Company Profile

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders’ funds per share over the long term. It differs from other investment trusts in that its activities are defined not by any particular portfolio specialisation or investment method but by a desire to satisfy the personal requirements of those who invest in it.