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The latest announcement is out from City of London Investment ( (GB:CLIG) ).
City of London Investment Group PLC announced that Tom Griffith, the CEO and a person discharging managerial responsibilities, has sold 400,000 shares at a price of £3.41206 per share. This transaction reduces Griffith’s beneficial interest to 157,147 shares, approximately 0.3% of the company’s issued share capital, potentially impacting perceptions of the company’s market position and stakeholder confidence.
Spark’s Take on GB:CLIG Stock
According to Spark, TipRanks’ AI Analyst, GB:CLIG is a Outperform.
The overall stock score of 73.5 reflects a strong valuation and solid financial performance, tempered by weak technical indicators. The company’s attractive dividend yield and recent positive corporate developments contribute positively, while declining revenue and cash flow growth pose challenges.
To see Spark’s full report on GB:CLIG stock, click here.
More about City of London Investment
City of London Investment Group PLC is a specialist asset management company that offers a variety of institutional and retail products, focusing primarily on investments in closed-end funds.
Average Trading Volume: 52,906
Technical Sentiment Signal: Hold
Current Market Cap: £168M
See more data about CLIG stock on TipRanks’ Stock Analysis page.