David Shillson, an insider at UIL Limited, purchased 6,535 shares of the company’s stock on January 5, 2024. The shares were acquired at an average price of GBX 156 each, resulting in a total investment of £10,194.60. This transaction highlights Shillson’s confidence in UIL’s long-term prospects amidst fluctuating market conditions.
UIL’s Market Performance
On the same day, UIL Limited’s stock saw a notable increase, trading up by GBX 14.62 to reach GBX 168. A total of 31,296 shares changed hands, exceeding the average trading volume of 19,263. The company currently holds a market capitalization of £152.08 million and a price-to-earnings ratio of 15.03, alongside a beta of 0.80, indicating lower volatility compared to the overall market.
Over the past year, UIL Limited’s share price has experienced significant fluctuations, with a twelve-month low of GBX 98 and a high of GBX 185.12. The company’s fifty-day moving average stands at GBX 162.24, while the two-hundred-day moving average is GBX 142.14. These figures suggest a relatively stable performance in a challenging market.
Analysts’ Perspectives
In a recent research report dated November 5, 2023, Shore Capital reaffirmed a “house stock” rating for UIL Limited shares. This endorsement reflects analysts’ positive outlook on the company’s investment strategy, which focuses on uncovering undervalued assets globally. UIL Limited aims to maximize returns for its shareholders by identifying and investing in opportunities where the intrinsic value is not fully recognized.
UIL Limited, formerly known as Utilico Investments Limited, is incorporated in Bermuda as an exempted closed-end investment company. It serves as a successor to Utilico Investment Trust plc, emphasizing its commitment to providing shareholders with robust investment options.
As UIL continues to navigate the complexities of the market, Shillson’s recent share acquisition may signal a strong belief in the company’s future growth and stability. Investors will be watching closely to see how UIL Limited capitalizes on its investment objectives in the coming months.
