European Assets Trust (LON:EAT - Get Free Report) issued its quarterly earnings data on Thursday. The company reported GBX 1.78 ($0.02) earnings per share (EPS) for the quarter, Digital Look Earnings reports. European Assets Trust had a net margin of 79.65% and a return on equity of 7.51%.
European Assets Trust Stock Up 5.1 %
LON:EAT traded up GBX 3.60 ($0.05) during trading hours on Tuesday, hitting GBX 74.80 ($0.95). 1,043,953 shares of the stock traded hands, compared to its average volume of 690,036. The company has a market cap of £269.01 million, a price-to-earnings ratio of 9.63 and a beta of 1.05. European Assets Trust has a 1 year low of GBX 67 ($0.85) and a 1 year high of GBX 92.20 ($1.17). The stock has a 50 day moving average price of GBX 83.33 and a 200 day moving average price of GBX 83.01.
European Assets Trust Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 17th will be issued a GBX 4 ($0.05) dividend. This represents a yield of 0.77%. This is a positive change from European Assets Trust's previous dividend of $1.38. The ex-dividend date is Thursday, April 17th. European Assets Trust's dividend payout ratio is currently 77.21%.
Insider Activity
In other news, insider Monica Tepes bought 10,000 shares of European Assets Trust stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of GBX 85 ($1.08) per share, with a total value of £8,500 ($10,819.76). Insiders own 0.82% of the company's stock.
European Assets Trust Company Profile
(
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European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.
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