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The latest announcement is out from City of London Investment ( (GB:CLIG) ).
City of London Investment Group PLC announced that Rian Dartnell, the Chairman and a person discharging managerial responsibilities, has purchased 3,000 ordinary shares at £3.46 each. This transaction increases Dartnell’s total beneficial interest to 63,000 shares, representing approximately 0.1% of the company’s issued share capital, highlighting a potential vote of confidence in the company’s future by its leadership.
Spark’s Take on GB:CLIG Stock
According to Spark, TipRanks’ AI Analyst, GB:CLIG is a Neutral.
City of London Investment’s solid financial performance and strong dividend yield are offset by technical analysis indicating bearish trends and mixed corporate event signals. The lack of earnings call data leaves some uncertainty about forward-looking guidance.
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 provides a variety of institutional and retail products, focusing primarily on investments in closed-end funds.
Average Trading Volume: 65,438
Technical Sentiment Signal: Buy
Current Market Cap: £165.6M
Find detailed analytics on CLIG stock on TipRanks’ Stock Analysis page.