Baillie Gifford UK Growth Trust (LON:BGUK) Reaches New 52-Week High - Still a Buy?

Baillie Gifford UK Growth Trust plc (LON:BGUK - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 196.50 ($2.47) and last traded at GBX 196 ($2.47), with a volume of 909169 shares changing hands. The stock had previously closed at GBX 195.50 ($2.46).

Baillie Gifford UK Growth Trust Price Performance

The business has a fifty day moving average of GBX 183.58 and a 200 day moving average of GBX 178.96. The firm has a market cap of £264.21 million, a P/E ratio of 4.99 and a beta of 1.04. The company has a quick ratio of 0.48, a current ratio of 0.29 and a debt-to-equity ratio of 8.46.

Insiders Place Their Bets

In other Baillie Gifford UK Growth Trust news, insider Ruary Neill purchased 8,368 shares of the stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 179 ($2.25) per share, with a total value of £14,978.72 ($18,843.53). Also, insider Neil Rogan purchased 20,335 shares of the stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of GBX 196 ($2.47) per share, for a total transaction of £39,856.60 ($50,140.40). Insiders have acquired a total of 38,703 shares of company stock valued at $7,393,532 over the last 90 days. 3.18% of the stock is currently owned by insiders.

About Baillie Gifford UK Growth Trust

The Trust aims to achieve capital growth predominantly from investment in UK listed equities, with the aim of providing a total return in excess of the FTSE All-Share Index. Investments are made with a five year investment horizon and the portfolio is relatively concentrated with between 35 - 65 companies.