City of London Investment Group Chairman Increases Shareholding

City of London Investment ( (GB:CLIG) ) has shared an update.

City of London Investment Group PLC announced that Rian Dartnell, the Chairman and a person with managerial responsibilities, has purchased 10,000 shares of the company at a price of £3.466433 per share. This transaction increases Mr. Dartnell’s total holding to 60,000 shares, representing approximately 0.1% of the company’s issued share capital, and reflects a vote of confidence in the company’s prospects.

Spark’s Take on GB:CLIG Stock

According to Spark, TipRanks’ AI Analyst, GB:CLIG is a Outperform.

City of London Investment’s stock is moderately attractive due to its strong valuation metrics and solid financial performance. However, bearish technical indicators and mixed corporate events, including CEO changes, may pose short-term risks. Investors should weigh these factors when considering this stock.

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: 54,587

Technical Sentiment Signal: Hold

Current Market Cap: £167M

Learn more about CLIG stock on TipRanks’ Stock Analysis page.