Henderson Smaller Investment Trust (LSE:HSL) Shares Outstanding (Basic Average): 64.06 Mil (As of Nov. 2025)


LSE:HSL Henderson Smaller Companies Investment Trust PLC LSE:HSL
29 GF Score
Price £8.88
! 3 Warning Signs
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What is Henderson Smaller Investment Trust Shares Outstanding (Basic Average)?

Henderson Smaller Investment Trust LSE:HSL +0.11% 29 Shares Outstanding (Basic Average) is 64.06 Mil as of Nov. 2025. GuruFocus rates LSE:HSL with a GF Score™ of 29/100. The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Henderson Smaller Investment Trust's average basic shares outstanding for the quarter that ended in Nov. 2025 was 64.06 Mil.

Henderson Smaller Investment Trust  (LSE:HSL) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Henderson Smaller Investment Trust Shares Outstanding (Basic Average) Related Terms

Henderson Smaller Investment Trust Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Henderson Smaller Investment Trust's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Henderson Smaller Investment Trust Shares Outstanding (Basic Average) Chart

Henderson Smaller Investment Trust Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74.70 74.70 74.70 74.68 73.47

Henderson Smaller Investment Trust Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.70 74.67 74.39 72.55 64.06
LSE:HSL
29GF Score
Henderson Smaller Companies Investment Trust PLC LSE:HSL
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Smaller Investment Trust Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 64.06 Mil mean?
Henderson Smaller Investment Trust (LSE:HSL) has a Shares Outstanding (Basic Average) of 64.06 Mil as of Nov. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Henderson Smaller Investment Trust and its competitors.
Is Henderson Smaller Investment Trust's Shares Outstanding (Basic Average) too high?
Henderson Smaller Investment Trust's current Shares Outstanding (Basic Average) is 64.06 Mil. Overall, Henderson Smaller Investment Trust has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Henderson Smaller Investment Trust's Shares Outstanding (Basic Average) compare to BLK and BX?
Henderson Smaller Investment Trust's Shares Outstanding (Basic Average) of 64.06 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Henderson Smaller Investment Trust and its competitors. Henderson Smaller Investment Trust's current Shares Outstanding (Basic Average) is 64.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Smaller Investment Trust stock overvalued right now?
Henderson Smaller Investment Trust (LSE:HSL) has a current Shares Outstanding (Basic Average) of 64.06 Mil. The current Shares Outstanding (Basic Average) is 64.06 Mil. Henderson Smaller Investment Trust's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Henderson Smaller Investment Trust (LSE:HSL), the current Shares Outstanding (Basic Average) is 64.06 Mil as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Henderson Smaller Investment Trust Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund. Its investment objective is to maximize shareholder's total returns by investing in smaller companies quoted in the United Kingdom. The company's only segment being the activity of investing in shares and securities for capital appreciation. Geographically, it operates only in the United Kingdom.
29GF Score

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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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