GLI Finance Ltd (LON:GLIF) shares fell 31% on Friday after Liberum Capital lowered their price target on the stock from GBX 17.20 to GBX 14. Liberum Capital currently has a buy rating on the stock. GLI Finance traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). 291,608 shares traded hands during mid-day trading, an increase of 123% from the average session volume of 130,593 shares. The stock had previously closed at GBX 7.25 ($0.09).
In related news, insider Emma Stubbs purchased 375,455 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was purchased at an average cost of GBX 8 ($0.10) per share, for a total transaction of £30,036.40 ($39,247.88).
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About GLI Finance (LON:GLIF)
GLI Finance Limited provides finance to small and medium sized enterprises (SMEs). The Company’s objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. The Company provides loans to SMEs through various finance platforms.
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